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Prime Minister Davis Announces VAT Reduction to 5% on Essential Goods and Building Materials

  • The Davis administration will reduce VAT to 5 percent on certain products starting September 1
  • Products include baby diapers, Depends, feminine hygiene products, prescription and non-prescription drugs, medical and dental supplies, and other medical items
  • VAT relief will be extended to building materials for religious institutions
  • VAT relief will be available as VAT exempt imports or a refund system for local purchases

Source: thenassauguardian.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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