Bahamas Reduces VAT on Medicines and Essential Goods to 5%

• The Bahamas cut VAT from 10% to 5% on medicines, medical supplies, feminine products, and diapers effective September 1, lowering household costs as retailers implement the reduced rate nationwide.

• Government credits improved revenues and lower debt for enabling tax relief, positioning the measure as both immediate support for families and part of a broader, inclusive economic strategy for sustainable growth.

• Priorities include expanding opportunities across islands, job creation, entrepreneurship, infrastructure investment, and workforce training to equip Bahamians with modern skills and ensure growth benefits reach all communities equally.

Source: www.thestkittsnevisobserver.com

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