**Not entirely correct.** Whilst it may be a best practice the other side of the world (New Zealand), the European Union has a reduced VAT rate on food (generally around 5.5% compared to the normal rate of around 20%), the UK has a zero rate on food and of course the USA doesn't have VAT,
Candor says...
But nearly 33% of the Bahamas National Debt !!
On Bahamas’ $3bn in Russian assets ‘under 1%’ of sector
Posted 21 March 2022, 5:40 p.m. Suggest removal
Candor says...
**Not entirely correct.** Whilst it may be a best practice the other side of the world (New Zealand), the European Union has a reduced VAT rate on food (generally around 5.5% compared to the normal rate of around 20%), the UK has a zero rate on food and of course the USA doesn't have VAT,
On VAT increase on breadbasket items ‘best practice’
Posted 29 October 2021, 9:48 a.m. Suggest removal