May 28, 2015
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$110m collected in VAT in first three months
THE government has collected $110m in value added tax payments during the first three months of the year, Prime Minister Perry Christie told the House of Assembly yesterday.
Duty rate on cars cut, but ban on vehicles over ten years old
PRIME Minister Perry Christie said the revenue performance of value added tax (VAT) since its implementation in January has opened the door for several customs duty reductions and some tariff eliminations to ease the burden on Bahamians.
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