'Bread price rise shows need to remove VAT'

FREE National Movement Deputy Leader Shanendon Cartwright MP said a leading wholesaler's recent announcement about the increase in the cost of locally produced bread further exacerbates the need for the government to remove VAT on breadbasket items.

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Halkitis: We have no plans to raise VAT to 15 percent

THE Bahamas will not raise value added tax to 15 percent, Minister of Economic Affairs Michael Halkitis said yesterday.

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Halkitis: VAT collections at 10% so far holding steady

Value-added tax (VAT) collection has been "holding steady" even with the government's reduction of the tax from 12 to ten percent, Minister of Economic Affairs Michael Halkitis said yesterday, explaining that the reopening of the economy and the tourism boom likely explains the positive trend. Halkitis, who spoke to reporters outside of Cabinet, said, though, ...
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Henfield: Mitigate Russia impact with removal of VAT from breadbasket items

As fighting intensified in Ukraine, former Minister of Foreign Affairs Darren Henfield last night urged the Davis administration to remove value-added tax (VAT) off breadbasket items and medicines, arguing that the conflict between Russia and Ukraine may have dire implications for the cost of living in The Bahamas. On Thursday, Russian forces led an invasion ...
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Abaco supermarket owner wants govt to remove VAT from breadbasket items

Maxwell's Supermarket Owner Chad Sawyer said yesterday the government should reconsider its recent reintroduction of value-added tax (VAT) on breadbasket items as more people struggle to buy groceries as a result of inflation. "The consumer still only has x amount of dollars a week to feed his family," Sawyer said. "Of course, prices have gone ...
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VAT increase on breadbasket items 'best practice'

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Halkitis: US inflation impact could be worse if not for reduced VAT

Price increases of everyday goods may already be impacting some Bahamian pocketbooks, but Minister of Economic Affairs Michael Halkitis said if it were not from the government's reduction of value-added tax (VAT) to ten percent, local consumers would have been paying more. The United States' consumer price index climbed to seven percent last month, making ...
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MoF hits back at criticism of VAT zero-rating removal on construction services

The Ministry of Finance yesterday hit back at former Minister of State of Finance Kwasi Thompson, who accused the government of adding "another burden to the backs of the recovering Special Economic Recovery Zone residents" by removing the zero rating of value-added tax (VAT) on construction services. Thousands of residents are still rebuilding following the ...
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VAT reduction 'has been implemented smoothly'

ECONOMIC Affairs Minister Michael Halkitis says the reduction in value added tax to ten percent has been implemented smoothly across the country.

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Halkitis hits out at FNM over VAT Bill amendment

MINISTER of Economic Affairs Michael Halkitis accused the Free National Movement of continuing to "peddle its misguided tax policy" by trying to pass a last-minute amendment to the government's Value Added Tax Bill in the House of Assembly last night.

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