PM National Address: Official VAT Reduction - ZNS BAHAMAS
PM National Address: Official VAT Reduction - ZNS BAHAMAS
1 month ago
znsbahamas.com
VAT FREE: Prime Minister Philip Davis has announced that effective April 1, Value Added Tax (VAT) will be completely removed from all food items that were previously reduced to 5 percent VAT making many everyday grocery staples more affordable for consumers. The zero rating will apply to a wide range of unprepared food items sold in food stores, including: •⁠ ⁠Fresh fruits and vegetables •⁠ ⁠Baby food •⁠ ⁠Lunch snacks •⁠ ⁠Frozen foods •⁠ ⁠Fresh and frozen meats (uncooked) •⁠ ⁠Rice, flour, sugar,
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