THE TRUTH ABOUT THE ABACO VAT TAX

The following statement was issued by the Minister for Grand Bahama. Almost immediately some FNM trolls went about trashing it saying that this would add taxes to construction in Abaco.  Turns out that it will really only affect high end construction like  that at Baker’s Bay which is already getting away with too many concessions.  But as they say, don’t let the truth interfere with a good story.—Editor)

FREEPORT, Grand Bahama – The Minister for Grand Bahama, The Honourable Ginger Moxey, is pleased to advise the public of the recent extension to the Amendment to the Special Economic Recovery Zone (SERZ) Order for Building Supplies.

This extension will allow for the continuation of duty-free and Value Added Tax-free importation of construction materials to Grand Bahama and Abaco by residents and business owners through to December 31st, 2022.

This extension of the Amendment to the SERZ Order applies to local and international purchases of the following:

– Building Materials
– Plumbing Fixtures and Materials
– Electrical Fixtures and Materials
– Household Furniture, Furnishings & Appliances
– Hardware Supplies

This extension supports the Davis Administration’s commitment to assist the people of Grand Bahama and Abaco with the ongoing restoration and rebuilding of homes and businesses, which were extensively damaged or destroyed by the passage of category five Hurricane Dorian in 2019.

As promised in Our Blueprint for Change, this Administration will continue to provide immediate relief for Bahamians whose lives have been devastated by natural disasters, while we execute our plans to rebuild our islands, and create a more resilient Bahamas.