NASSAU, BAHAMAS - The Department Of Inland Revenue is clamping down on people who owe Real Property Taxes. Acting Director of Inland Revenue, Shunda Strachan, says...
A noted economist is slamming calls for VAT to be taken off breadbasket items.
NASSAU, BAHAMAS - State Minister for Economic Affairs Michael Halkitis crushes the opposition's calls for the Davis administration to remove value added tax from breadbasket items....
NASSAU, BAHAMAS - An explosive row erupting in the House of Assembly this morning over VAT.
Value Added Tax (VAT) collection and revenue appear to be on the rise, according to the latest fiscal report for February 2022.
The Free National Movement MP for East Grand Bahama is once again calling on the Davis administration ease the burden on Grand Bahamians.
A senior government official defending the decision to reduce the rate of VAT to ten percent and add the tax to medication and breadbasket items, saying...
With a reduction in value added tax set for 2022, some members of the business community say they need clarity on the proposed changes.
Grocery stores and consumers bracing for that implementation as well as price hikes due to a global shipping issue.
It's unlikely that Value Added Tax (VAT) will go back up to 12.5% once it is reduced to 10%, according to Economic Minister Michael Halkitis.
