The Tribune

The Ministry of Finance yesterday announced it had launched its Facebook page, taking its ongoing Value-Added Tax (VAT) educational campaign to the world’s fastest growing social media network.

Launched on February 6, the page had about 400 views in the first hours and is being updated Monday- Friday with new facts added daily.

“We want Bahamians to have access to accurate information, whether they see it in print, hear it on radio, watch on TV or seek it through any of the popular social media sites,” said financial secretary John Rolle.

“Stakeholders are asking for facts surrounding Value Added Tax and its implementation process, so this is another step taken as the Government listens to consumer comments through various meetings and the recently-launched VAT Hotline.”

The Facebook launch is the latest in a series of efforts to reach out to the public in the consultation and communications process.

Ministry of Finance representatives have met with hundreds of persons over the past several weeks, visiting churches, businesses, professional meetings and business associations.

Presentations with interactive sessions are scheduled over the next several weeks, as those charged with refining the VAT legislation prepare to make their final recommendations and educate the public about the basics of the legislation.

VAT, in conjunction with a reduced Customs duties regime, will allow the country to better meet its financial obligations, including paying off nearly $5 billion in debt, through a more collectible, just and fair taxation system.

The Facebook page can be accessed using any computer, laptop, tablet or mobile at www.facebook.com/vatbah242.