Bahamas Deficit Narrows Following Introduction Of VAT – Tax-news.com

Bahamas Deficit Narrows Following Introduction Of VAT – Tax-news.com

Bahamas Deficit Narrows Following Introduction Of VAT
Tax-news.com
The Bahamas saw its budget deficit fall by more than 60 percent in the first three months of the fiscal year, which began on July 1, following the introduction of VAT. The new VAT regime was introduced, with a 7.5 percent headline rate, on January 1, 2015.

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Bahamas Deficit Narrows Following Introduction Of VAT – Tax-news.com