On 28 October 2021, the Government of the Bahamas issued a release announcing that the VAT rate will be reduced from 12% to 10%. Although not specified in the release, the reduction is to be implemented from 1 January 2022.

---

Reduction in VAT designed to help Bahamians and the economy says Prime Minister Davis

NASSAU, The Bahamas – The Bahamas Government is offering "modest" but "importan…