Dorian tax breaks extension branded 'good Xmas gift' : vimar

Dorian tax breaks extension branded 'good Xmas gift'


nhartnell@tribunemedia.net
Grand Bahama and Abaco businesses yesterday hailed the extension of key Hurricane Dorian-related tax breaks for another six months as "a good present for Christmas".
Greg La Roda, the Grand Bahama Chamber of Commerce's president, told Tribune Business that confirmation of the extension to end-June 2021 by newly-appointed minister of state for finance, Senator Kwasi Thompson, was "a big relief to businesses and consumers on Grand Bahama".
Disclosing that uncertainty over the extension, and whether the mixture of VAT, import tariff and other tax breaks would continue beyond year-end, had been preying on the minds of merchants and the general public, he added that their continuation would help to make the Bahamian private sector more price competitive with foreign rivals and encourage locals to stay shopping at home.

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