On 28 October 2021, the Government of the Bahamas issued a release announcing that the VAT rate will be reduced from 12% to 10%. Although not specified in the release, the reduction is to be implemented from 1 January 2022.
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Reduction in VAT designed to help Bahamians and the economy says Prime Minister Davis
NASSAU, The Bahamas – The Bahamas Government is offering "modest" but "important" relief to Bahamians as it forges ahead with a decrease in Value Added Tax (VAT) from 12% to 10%.
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