The Democratic National Alliance’s (DNA) ex-leader yesterday slammed the imposition of price controls on the pharmaceutical industry as a “back door” admission by the Government that reimposing VAT on medicines was a mistake.
“That should not have been on pharmaceuticals in the first place,” Mr McCartney said of the tax. “That may be behind their thinking as to why they have put price controls in place. I think they may have realised that putting VAT on pharmaceuticals was certainly not a good idea.
Source: www.tribune242.com
Latest Posts in "Bahamas"
- Exemption of Unprepared Food and Reduced Rates on Essential Goods
- 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













