With six months to go before the new Value Added Tax (VAT) system goes live, top officials and representatives from various government ministries and departments have begun training with international consultants.
The rollout of the new Value Added Tax regime is seemingly setting up to become an unholy mess!
As national anxieties are being expressed about Value Added Tax (VAT) and our country faces uncertain times, I’ve decided to take a cursory glance at this hot button topic with a view to expanding the discussion from various angles.
If the PLP Government cannot explain VAT to us, it shows that even they don’t fully understand what they are trying to force on the Bahamian people.
I have read The Nassau Guardian article entitled: “Minnis blasts government on VAT”. I have some questions for Doctor Minnis…
We, the Bahamian people must realize that we cannot continue to borrow more than we are collecting in taxes.
When Customs currently applies its 1% processing fee to the total value of imports, is that inclusive of your imported items that are designated as duty free?
The Financial Secretary recently met with the Bahamas Hotel and Tourism Association to discuss how VAT would work and address questions and concerns raised by tourism industry stakeholders.
Bahamas, recognize what is being done to you by your government through its current process of introducing and implementing Value Added Tax (VAT).