The Bahamas will have a new VAT from 1 January 2015: 7.5% (0% for exports) on a broad range of goods and services, few exemptions, small business concessions, “inclusive” pricing and an extensive public education programme.

Confirmed by the PM and Minister for Finance, The Rt Hon Perry G. Christie on 28 May in his Budget Communication to the House of Assembly.

More details to come when new VAT Bill is available.

Iain

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