National Address: PM Announces Five Percent Cut in VAT on Food Items In the next three months, consumers will see a 5% cut in Value-Added Tax on some grocery store items. | Our News Bahamas

VAT On Groceries and Grocery Imports Will Be Cut to 5% on April 1 In his national address, Prime Minister Philip Davis announced that value-added tax on groceries and grocery imports will be reduced to 5% starting April 1. | Our News Bahamas

Halkitis On VAT Performance More than two months after value added tax was reduced from 12 precent to 10 percent, state minister for economic affairs, Michael Halkitis, says government's revenue collection has not taken a dive. In fact, Halkitis says it remains on pace with projections. | Our News Bahamas