Bahamas Bahamas defends VAT increase from 7.5% to 12% 19 June 201845 views1 min read Source: BNA Prime Minister “VAT increase to protect future generations” 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.)