AML Foods announces a 10% increase in reinvestment costs due to a change in the VAT treatment of uncooked food. This government decision is expected to result in higher annual expenses for the company, exacerbating inflationary pressures on Bahamian consumers. The company's president calls for awareness of the consequences of this policy on food prices.
AML Foods faces a 10% increase in investment costs due to VAT changes
This article was updated at 04:25.