Opposition leader Michael Pintard yesterday demanded that government remove the Value-Added Tax (VAT) off items it has added to the Price Control Basket, arguing that the government has made a decision that could result in the closure of dozens if not hundreds of businesses.
“Just remove VAT, not just on the bread basket items but also on the new list of items that Price Control now covers. This government failed to conduct studies. You are making a life-changing decision for businesses and didn’t even bother to conduct a study to determine what the potential impact is,” Pintard charged.
Source: enews.com
Latest Posts in "Bahamas"
- Bahrain NBR Releases Updated VAT Guidelines for Transportation Sector, September 2025
- VAT Updates in the Bahamas: Reduced Rates for Essentials and Other Amendments
- Bahamas VAT Act (July 1, 2025)
- Bahamas Reduces VAT on Medicines and Essential Goods to 5%
- Bahamian PM Announces VAT Reduction on Essential Items Including Medicines and Hygiene Products