VAT Taken Off Some Educational Fees
By Department of Inland Revenue
Aug 21, 2016 - 2:25:59 PM
Nassau, Bahamas – The Department of Inland Revenue (DIR) adviseseducation officials and the general public that Value Added Tax (VAT) is no longer applicable tocertain fees related to tuition.
The removal of VAT from educational ancilliary fees came into effect on July 1st, 2016following the 2016/2017 Budget Communication.
Ancillary fees are limited to the following:
- The supply of vocational training
- Registration fees
- Laboratory fees
- Graduation fees
- Field trips
- Examination services
- School cafeteria services
- Supply of graduation certificates
- Use of school facilities, amenities and equipment
- Sale of books and other reference materials previously considered not an integral part of course instruction
This applies to all fees at the pre-school, primary, high school and tertiary levels whether publico r private.
For further information, visit the Department of Inland Revenue’s website at www.inlandrevenue.finance.gov.bs/, email email@example.com or call (242) 461-8050or toll-free at 225-7280.
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