NASSAU, BAHAMAS - The 50 percent cut in Value-Added Tax comes into effect tomorrow, and businesses are making final preparations for the adjustment.

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NASSAU, BAHAMAS – As the country aims to enhance sustainability and ensure adherence to global standards, the Bahamas Bureau of Standards and Quality hosted a national standardization strategy workshop at the Courtyard Marriott today. The workshop aimed to inform stakeholders on the latest regulations and strategies to make The Bahamas a more sustainable nation.

Senator Barry Griffin noted that the event brought together key players from various industries to focus on standards that promote eco-friendly practices, improved productivity, and long-term economic growth. The workshop also aimed to encourage collaboration between the private sector and government.