Bahamas Prime Minister Announces VAT Rate Reduction for Food Items Sold in Food Stores

The Bahamian Prime Minister Jan. 8 announced a 50 percent reduction in the VAT rate, to 5 percent from 10 percent, on all food items sold in food stores, including fresh fruits, vegetables, baby food, lunch snacks, and frozen foods, excluding prepared foods in the deli, effective April 1. The reduced rate also applies to the importation of all specified items. [Bahamas, Office of the Prime Minister, 01/08/25]

Reference:
View Announcement. View Index.