Bahamas VAT rate increase from 7.5% to 12%, effective 1 July 2018 and other VAT-related changes (breadbasket, medicines, residential property insurance, residential electricity, water, fundraising, etc.) 08 June 2018109 views1 min read Source: EY Bahamas defends VAT increase from 7.5% to 12% Bahamas VAT rises to 12% Jul 2018