What is VAT?

For the past few months in Bahamian news, besides waves of crime and gun violence, there has also been the issue of VAT or value added tax and how it will affect the individual Bahamian pocket. A lot of talk has been as to whether it will do more harm than good for The Bahamas in the long term and comparisons have been made to other countries that have a VAT system in place. I’m no expert on any of it so I’ll post a few links below that breaks down all the dirty details because unfortunately there are vast groups of people at home that don’t know or don’t care about what’s going on around them .

Bahamas government website

Straight Talk Bahamas

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