As per PM Drew’s announcement of a vat reduction rate from 17% to 13%, effective January 1^st, 2025, updates on the initiative were given in the most recent “InFocus” programme, centered on the topic: “VAT Relief: More Savings, Your Benefit”.

Assistant Comptroller, Corporate Communications, Eliza Mills shared this about what is expected of registered tax payers:

The Inland Revenue Department released that businesses have until February 17^th to reflect the vat reduction on shelve prices. The VON Newsline made several attempts to ascertain the reason for the date but was unsuccessful.

Additionally, Communications Officer of the Consumer Affairs Department, Tricia Delaney, said this as she addressed consumer concern of price gouging and compliance of businesses: