The Tax Plan

VAT Free Groceries and Prescription Medication

Returning Savings to the Pockets of the Most Vulnerable

After a period of public education, the government plans to reshape the breakbasket to include more healthy options, and lower the cost of adopting a more holistic lifestyle. The Ministry of Health is currently engaged in an active consultative process intended to sensitize Bahamians about healthy food choices.

Targeted Tax Incentives

Advancing a Socioeconomic Growth Agenda

The Government introduced a collection of tax incentives to advance its socio-economic vision. The objective is to improve the quality of life for Bahamians by reducing retail shopping costs, making new cars more affordable and adopting green technology.

STIMULATING RETAIL CLOTHING & MANUFACTURING INDUSTRY

New duty concessions will help to reduce the retail cost of clothing and shoes to consumers, and empower small manufacturers of apparel, including tailors and seamstresses.

PROMOTING GREEN ENERGY

New duty concessions will help to reduce the retail cost of clothing and shoes to consumers, and empower small manufacturers of apparel, including tailors and seamstresses.

Building an Airplane Registry

New duty concessions will help to reduce the retail cost of clothing and shoes to consumers, and empower small manufacturers of apparel, including tailors and seamstresses.

Targeted Tax Relief

Returning Savings to the Pockets of the Most Vulnerable

Many of the Government’s tax relief measures are intended to cushion the impact of tax reform measures on the poorest households. The Budget also reduces the cost of other goods and services through tax relief

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

Targeted Tax Relief

Returning Savings to the Pockets of the Most Vulnerable

ABOUT

The budget website is inspired by a worldwide movement towards citizens budgets. Presented by the Ministry of Finance, it is a visual, interactive and less-technical version of the annual budget that promotes accessibility, inclusion, transparency and accountability.