2018/19 Budget Communication 2018_2019 BUDGET COMMUNICATION | Page 81

priorities and reshape the economy for sustained success.
The government is undertaking a number of very targeted
tax measures to provide tangible benefits to key segments of
Bahamian society and economy.
I shall turn my attention to this presently. The
details of these various measures are set out in an Annex to
the Budget Document.
Commitments to Bahamians and Tax Relief Measures
As for measures that that we are implementing to
meet our commitments to Bahamians and provide tax relief
to individuals and businesses:
• effective August 1, we are eliminating VAT on all
breadbasket items, with the exception of sugar, as
sugar will – for health reasons – be removed from the
list of breadbasket items.
This would mean the
elimination of VAT on the following items:
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