Bahamian House of Assembly passes 2018-19 Budget to increase VAT Rate

22 June 2018

The Bahamian Government in its 2018-19 Budget Communication proposed an increase in the rate of Value Added Tax (VAT) from the current 7.5% to 12%, effective July 1. The rate increase and other changes to the VAT regime were announced on May 30.

An Indirect Tax Services group Alert, attached below, provides additional details.

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Document ID: 2018-1286

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