Bahamas Government Outlines Intention to Remove Customs Duty
June 1, 2022 | Colin O. Jarrett |
The Bahamas Government has outlined its intention to remove the customs duty from roughly three dozen food items amid a historic rise in inflation.
Prime Minister Phillip Davis said the majority of the food items being made duty-free had a duty-rate of 5%. These items include dairy products, vegetables and meats.
Mr Davis said these reductions would assist in lowering the cost of living for Bahamians who have in recent months, complained about rising inflation.
Local Government officials are at frontline of transformation in the Family Islands
NASSAU, The Bahamas — Prime Minister and Minister of Finance the Hon. Philip Davis called on Local Government practitioners to lead the way in embracing major upgrades throughout the islands. pic.twitter.com/t9YZnOfo1e
— Bahamas Press (@Bahamaspress) May 26, 2022
Colin O. Jarrett is Caribbean News Editor with Vision Newspaper