National
Resident: “That Ain’t Something We Need Right Now”
NASSAU, BAHAMAS – Residents are adamantly against any Value-Added Tax increase after the International Monetary Fund suggested that government increase the tax to meet it’s debt target of 50 percent of GDB by 2031.
NASSAU, BAHAMAS – Residents are adamantly against any Value-Added Tax increase after the International Monetary Fund suggested that government increase the tax to meet it’s debt target of 50 percent of GDB by 2031.
This come’s as the issue of high costs of living along with a University of The Bahamas study defining levels of middle-class income, continues to be a hot-button issue.
VAT was first introduced under the Christie administration at 7.5%, hiked by the Minnis administration at 12% before decreasing to 10% under the current Davis administration.
Communication’s Director in the Office of the Prime Minister, Latrae Rahming, reiterated the government has no intention of raising VAT, or adding any additional taxes.
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