VAT Free Groceries and Prescription Medication
Returning Savings to the Pockets of the Most Vulnerable
After a period of public education, the government plans to reshape the breakbasket to include more healthy options, and lower the cost of adopting a more holistic lifestyle. The Ministry of Health is currently engaged in an active consultative process intended to sensitize Bahamians about healthy food choices.
Targeted Tax Incentives
Advancing a Socioeconomic Growth Agenda
The Government introduced a collection of tax incentives to advance its socio-economic vision. The objective is to improve the quality of life for Bahamians by reducing retail shopping costs, making new cars more affordable and adopting green technology.
New duty concessions will help to reduce the retail cost of clothing and shoes to consumers, and empower small manufacturers of apparel, including tailors and seamstresses.
New duty concessions will help to reduce the retail cost of clothing and shoes to consumers, and empower small manufacturers of apparel, including tailors and seamstresses.
New duty concessions will help to reduce the retail cost of clothing and shoes to consumers, and empower small manufacturers of apparel, including tailors and seamstresses.
The Government introduced a collection of tax incentives to advance its socio-economic vision. The objective is to improve the quality of life for Bahamians by reducing retail shopping costs, making new cars more affordable and adopting green technology.
Targeted Tax Relief
Returning Savings to the Pockets of the Most Vulnerable
Many of the Government’s tax relief measures are intended to cushion the impact of tax reform measures on the poorest households. The Budget also reduces the cost of other goods and services through tax relief
Targeted Tax Relief
Returning Savings to the Pockets of the Most Vulnerable
Many of the Government’s tax relief measures are intended to cushion the impact of tax reform measures on the poorest households. The Budget also reduces the cost of other goods and services through tax relief
The budget website is inspired by a worldwide movement towards citizens budgets. Presented by the Ministry of Finance, it is a visual, interactive and less-technical version of the annual budget that promotes accessibility, inclusion, transparency and accountability.
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