- The Bahamian Prime Minister announced a VAT rate reduction The rate decreased from 10 percent to 5 percent The reduction applies to essential items Items include medicines and medical supplies Feminine hygiene products are included Baby and adult diapers are also included The change is effective from September 1
Source: news.bloombergtax.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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