The Ministry of Finance’s top official says “everything is on the table” with VAT-related reforms, which could have raised medical costs for thousands of insured Bahamians, now not proceeding prior to the Budget at end-May.
Simon Wilson, the financial secretary, told Tribune Business that the Davis administration was keen to ensure the proposal – which would effectively switched the liability for paying VAT on health insurance claims payouts from the insurance companies to patients – “works for everybody”.
Source: www.tribune242.com
Latest Posts in "Bahamas"
- Consumer Protection Commission Warns Against Price Gouging During Back-to-School VAT Holiday
- Guidance on Provisional VAT Invoice for Conveyances Issued by Inland Revenue Department
- Bahamas to Reduce VAT to 5% on Basic Commodities and Medical Supplies from September 2025
- Superwash Expansion Faces Challenges Due to $1m VAT Reform, Says Former Minister D’Aguilar
- FNM Pledges to Slash Yacht Tax Rate, Reversing VAT Hike to Boost Industry Competitiveness
