Yesterday in The Bahamas, the government, under the leadership of Prime Minister Philip Davis, officially launched a new initiative reducing VAT on unprepared food to 0%.
Public reactions have been overwhelmingly positive, with shoppers already noticing a difference in their household grocery budgets.
“For this, I paid $88. Previously, it would probably have been $100, maybe even $130 or $140. So yes, it’s a change and we appreciate it. We love it. Now I can buy more for less money,” said one shopper.
Another added: “It’s wonderful. Absolutely fantastic. I’m so grateful. This morning I was at BWA, and what I would have had to pay over a hundred dollars for, I ended up paying less.”
A third shopper noted: “I’m happy because I never really adjusted to the VAT. If you spend $100, those $10 I can now use for gas. The difference is noticeable immediately, and I appreciate it.”
The government announced that this measure will help households save money and make essential food items more accessible.
