The insurance industry has not received a formal advisory from the government regarding a reported deferral of the implementation of changes to the treatment of Value-Added Tax (VAT) on health insurance, according to Marcus Bosland chair of the BIA’s health insurance committee.
Bosland said: “While the BIA has read with interest the Minister’s statements regarding a deferral of the VAT rule change, the Government has not yet formally advised informed the industry. We are hopeful that a formal statement will come from the Government soon.”
Source: ewnews.com
Latest Posts in "Bahamas"
- Bahamas Introduces VAT Exemptions and Reduced Rates for Food and Essential Goods
- Retailers Urge Swift VAT Solution as Deadline Looms for Uncooked Food Tax Changes
- OECD: VAT on Digital Trade in the Caribbean: Insights from The Bahamas and Barbados
- Food Stores Warn of Compliance Nightmare Over New VAT Exempt Rules for Uncooked Foods
- Exemption of Unprepared Food and Reduced Rates on Essential Goods
