His comment came after the International Monetary Fund urged the government to gradually increase VAT rates, bringing them closer to the regional average of 15 percent while reducing tax concessions and considering a corporate and personal income tax for large business and high earners.
Source: tribune242.com
Latest Posts in "Bahamas"
- Bahamas to Eliminate VAT on Unprepared Food Starting April 2026 to Ease Living Costs
- Bahamas to Remove VAT on Unprepared Food Starting April 1, Announces Prime Minister
- Zero VAT on Groceries to Continue if PLP Remains in Power, Says Economic Affairs Minister
- Bahamas to Eliminate VAT on Essential Groceries Including Fresh Produce and Baby Food
- Bahamas Removes VAT on Essential Grocery Items to Lower Cost of Living
