In The Bahamas, Value Added Tax is 7.5% ALWAYS, on applicable items/services! Do not allow a vendor/store to charge 8% or more. There is no excuse. Youre being robbed. Also, only VAT Registrants with a VAT Certificate PROMINENTLY displayed at their place of business can collect VAT. Know your rights as consumers. Dont just boycott businesses violating your rights or settle and give them your money. REPORT THEM! Report them because theyre not just attempting to scam you, theyre scamming your friends, neighbors, and family members too. For further details, visit this VAT and the Consumer Fact page: tinyurl/lx86ty5 If you want to know the total VAT inclusive cost of an item before reaching the cashier: (VAT exclusive or base price of item X 0.075) + VAT exclusive price = Total VAT Inclusive cost Im a little disappointed in the tone used in the explanation below but its a good explanation, in my opinion. Theres even a basic example.
Posted on: Wed, 07 Jan 2015 17:08:14 +0000
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