Super Value facing $400k monthly VAT ‘exempt’ hit

Opposition warns VAT ‘exempt’ status could push food prices higher

NASSAU, BAHAMAS- The Opposition Free National Movement says the Davis administration’s decision to classify the removal of VAT on uncooked foods as “exempt” rather than “zero rated” will not bring the cost relief the government has promised and could instead drive food prices higher for Bahamian families. In a statement Thursday, the party warned that […]

Super Value facing $400k monthly VAT ‘exempt’ hit

Super Value is bracing for an up to $400,000 per month hit due to the Government’s decision to treat the elimination of VAT on uncooked foods as ‘exempt’ rather than ‘zero rated’.