Plans to reduce, not repeal VAT on common goods

Thu, May 25th 2017, 11:00 AM

 

IN yesterday’s Speech from The Throne, the new government said it will reduce value added tax on breadbasket items, as the Minnis administration also outlined plans to transform Over-the-Hill communities.
It is not clear if this is a shift in the administration’s VAT plans, as the Free National Movement had repeatedly promised in recent years to repeal VAT on such items, not just to reduce the tax rate on them...

IN yesterday’s Speech from The Throne, the new government said it will reduce value added tax on breadbasket items, as the Minnis administration also outlined plans to transform Over-the-Hill communities.

It is not clear if this is a shift in the administration’s VAT plans, as the Free National Movement had repeatedly promised in recent years to repeal VAT on such items, not just to reduce the tax rate on them...

 

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