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IMF raises Bahamas’ growth, calls for income tax, 15% VAT
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IMF raises Bahamas’ growth, calls for income tax, 15% VAT
The International Monetary Fund (IMF) has further boosted The Bahamas’ 2025 economic growth prospects to just shy of 3 percent while “regurgitating” its now-annual call for the country to introduce a “personal income tax” and 15 percent VAT rate.
IMF says Bahamas economy to close 2025 with 2.8 percent growth amid elevated debt
NASSAU, BAHAMAS- The International Monetary Fund says that The Bahamas’ economy is expected to finish 2025 with 2.8 percent growth supported by construction activity and strong cruise tourism, even as growth is expected to slow over the medium term and public debt remains elevated at about 74 percen
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