The Government “may not” implement the new VAT treatment for medical insurance claims payouts by its April 1 target, it was revealed yesterday, with the decision hinging on a meeting with healthcare stakeholders later this week.
Simon Wilson, the Ministry of Finance’s financial secretary, told Tribune Business the Government is hoping to “have a resolution” after it meets with multiple industry groups over a proposed change many fear will increase medicine and treatment costs for patients while reducing access to, and the affordability of, private medical care.
Source: www.tribune242.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
