![\"\"](\"https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2014\/01\/vat-hotline.jpg\" "\\"vat-hotline\\"")
The Ministry of Finance announced it has launched a hotline with experts standing by to answer questions about the proposed Value Added Tax system set to go into effect July 1.<\/p>\nThe Ministry of Finance announced it has launched a hotline with experts standing by to answer questions about the proposed Value Added Tax system set to go into effect July 1.<\/p>\n
The hotline number is 225-7280. It is staffed between 9 am and 5 pm daily Monday-Friday. The VIBE line is toll-free throughout The Bahamas.<\/p>\n
\u201cSince we launched the number two days ago without a lot of fanfare in the testing stage, we have had very interesting calls reflecting that people understand change is needed, but they just want more information,\u201d said Financial Secretary John Rolle.<\/p>\n
\u201cWhat we have heard so far is evidence that the greatest need for information is on the part of the consumer as businesses have made it a point of learning as much as they can to date. When you hear questions like \u2018Should I buy a new car now or wait? Which will be least expensive in taxes?\u2019 or \u2018Do I have to pay VAT on my condo association fees?\u2019 or \u2018How will it affect the price of baby formula?\u2019 it\u2019s clear that the upcoming schedule for VAT items and exemptions will be very helpful.\u201d<\/p>\n
Government intends to publish the first schedule for consideration on January 17.
\nThe hotline is also accepting comments for consideration.<\/p>\n
A series of town meetings is planned with the first set tentatively for Exuma next week.<\/p>\n
Diane Phillips and Associates<\/em><\/span> The Ministry of Finance announced it has launched a hotline with experts standing by to answer questions about the proposed Value Added Tax system set to go into effect July 1.<\/p>\n","protected":false},"author":6,"featured_media":46353,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10223285771444175_51037792744":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[12],"tags":[153,275,556],"class_list":["post-46352","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-headlines","tag-business-2","tag-tax","tag-vat"],"_links":{"self":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/46352","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/comments?post=46352"}],"version-history":[{"count":0,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/46352\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media?parent=46352"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/categories?post=46352"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/tags?post=46352"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nVAT HOTLINE \u2013 Michele Green staffs the VAT hotline at the Ministry of Finance. The number is 225-7280. (Photo by Derek Smith, Jr)<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"