BREAKING: VAT to be waived from residential electricity and water bills

According to Finance Minister Peter Turnquest, value-added tax (VAT) will be waived for all residential electricity bills at or under $100 and water bills at or under $50.

Turnquest said that the waiver will impact more than 30,000 Bahamas Power and Light (BPL) households and over 43,000 middle and low-income households.

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