{"id":53479,"date":"2014-03-17T08:31:12","date_gmt":"2014-03-17T12:31:12","guid":{"rendered":"http:\/\/www.bahamasb2b.com\/news\/target\/govt-to-cut-vat-rate"},"modified":"2014-03-17T08:31:29","modified_gmt":"2014-03-17T12:31:29","slug":"vat-plans-change-again","status":"publish","type":"post","link":"https:\/\/www.bahamasb2b.com\/news\/2014\/03\/vat-plans-change-again","title":{"rendered":"VAT Plans Change Again"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-31699\" alt=\"vat\" src=\"https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2013\/02\/vat.jpg\" width=\"200\" height=\"150\" srcset=\"https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2013\/02\/vat.jpg 200w, https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2013\/02\/vat-150x112.jpg 150w\" sizes=\"auto, (max-width: 200px) 100vw, 200px\" \/>Prime Minister Perry Christie announced last night that the government has abandoned its plan to introduce value-added tax (VAT) at 15 percent and is instead eyeing a lower rate.<\/p>\n<p>Christie also hinted that VAT will not be implemented on\u2008July 1 as originally stated.<\/p>\n<p>\u201cAs to the rate of VAT, I can assure you that when I put the final package to my government it will not be at a rate of 15 percent,\u201d said Christie as he wrapped up the mid-year budget debate in the House of Assembly.<\/p>\n<p>\u201cI expect to settle the rate in the very near future. I expect to settle the final list of exemptions and I expect to settle the final date of implementation.\u201d<\/p>\n<p>The government initially said VAT would be introduced on July 1.<\/p>\n<p>Christie said the government is waiting on the completion of dialogue with the private sector and the general public as it relates to the tax and the question of whether the government is \u201cabsolutely convinced that there really is no viable alternative to VAT\u201d.<\/p>\n<p><a href=\"http:\/\/www.thenassauguardian.com\/index.php?option=com_content&amp;view=article&amp;id=45861:govt-to-cut-vat-rate&amp;catid=3:news&amp;Itemid=27\" target=\"_blank\">Click here to read the complete article at www.thenassauguardian.com<\/a><\/p>\n<p id=\"mct-ai-attriblink\">\n","protected":false},"excerpt":{"rendered":"<p>Bowing to public pressure, the government has abandoned plans to introduce value-added tax (VAT) at 15 percent, and is looking at a lower rate and may also push back the implementation date, beyond July 1st. <\/p>\n","protected":false},"author":17,"featured_media":31699,"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":[40,108,556],"class_list":["post-53479","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-headlines","tag-government","tag-taxes","tag-vat"],"_links":{"self":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/53479","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\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/comments?post=53479"}],"version-history":[{"count":0,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/53479\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media\/31699"}],"wp:attachment":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media?parent=53479"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/categories?post=53479"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/tags?post=53479"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}