Government Eases High Food Prices With Reduction of VAT on Unprepared Foods | The Bahama Journal - Jones Communications Network

Government Eases High Food Prices With Reduction of VAT on Unprepared Foods | The Bahama Journal - Jones Communications Network

By Gerrino J. SaundersJournal Staff Writer With food items becoming more and more expensive the Davis Administration hastaken another major step in their effort to make food more affordable for Bahamianfamilies.While making the mid-year budget communication this week Prime MinisterPhilip Davis announced plans to reduce value added tax (VAT) on a certaincategory of food items.He said, “I will be tabling an amendment to the VAT Act with effect fro…