May 30, 2018
Government members head to the House of Assembly this morning for the delivery of the 2018-2019 Budget. Photo: Terrel W Carey/Tribune staff
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BUDGET: VAT to rise from 7.5 percent to 12 percent
VALUE-added tax (VAT) will increase from 7.5 percent to 12 percent effective from July 1, Minister of Finance Peter Turnquest announced in the House of Assembly today.
Comments
greenflag 6 years, 5 months ago
Just like any other politician. Can't keep their hands out of the cookie jar. They must be spending the people's money like a drunken sailor. That is a 70% increase in VAT Tax. Are they crazy? If the average citizen did their finances like the Gov't does theirs, they would be broke and in bankruptcy. I'm glad we are coming on June 1st, for the last time. I have been coming to PI since 1973. I watched the Bahamian flag get raised up for the first time. Such a beautiful homeland and wonderful people of the Bahamas. The next rain storm, will tears from Heaven because Minis is coming and he's bringing hell with him.
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