Cuba to Eliminate 10 Percent Tax on U.S. Dollars

HAVANA, Cuba, Mar 17 (acn) Cuba will no longer apply the 10 percent tax on U.S. dollars to their entry to the country, announced today in this capital Foreign Minister (FM) Bruno Rodriguez.

At a press conference at the Ambassadors Hall of the capital's Habana Libre Hotel, the Cuban FM said that this sovereign decision takes place two days after the United States announced the decision of allowing Cuba to use dollars in international financial transactions.
He clarified that although the decision to suspend the application of the tax was made, that measure will only come into force when Cuba checks that the persecution of its financial transactions in the world has finally ceased.
Rodriguez added that the application of the 10 percent tax began in 2004, in the face of the fierce persecution of the U.S. government of Cuba's transactions and as protection from the harassment suffered by national banks for this reason.