A Bahamian citizen alleges the Department of Inland Revenue’s (DIR) VAT refund program is ineffective, citing a lack of communication, the need for costly legal assistance, and an unexplained 4% withholding from their eligible refund. After submitting their application in March 2024, they have yet to receive the $19,110 owed, leading them to believe the system is fundamentally flawed and the DIR is not properly functioning. The citizen’s experience contradicts the government’s 2022 promise of up to $40,000 in refunds for first-time homeowners.
Source: tribune242.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
