Bahamas Chatter: Increase in VAT to 12%!
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Bahamas Chatter: Increase in VAT to 12%!
Increase in VAT to 12%!
Posted: 03 Jun 2018 02:53 PM PDT
Effective July 1, 2018, the Bahamas VAT will increase to 12%. This increase will be devastating! If you search on-line, you can read much more about the controversy. The only concession they’ve made for the residents is that some “breadbasket” food items will be VAT free, but the list is VERY specific & VERY short. This will hurt businesses too, especially restaurants – this new VAT along with a 18% gratuity will result in 30% onto a restaurant bill – Yikes!
We cruisers aren’t going to like this either. Also announced were a slew of various other increases including immigration fees – unknown yet if that will include Cruusing Permit fees…
Russ
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