VAT is equivalent to sales taxes that exist in the US or anywhere else in Europe. It is a tax that is applied on top of sales of goods and services in the Bahamas. Bahamas is a “tax Paradise “ where there is no corporate or income tax.
The Bahamian government levies taxes mainly through the VAT and import duties. This is why Bahamas is considered expensive by American standards. Most goods are indeed imported from the US. Companies in the Bahamas collect taxes and remit them to the Comptroller of VAT. Some goods are exempt from VAT while most of them carried a 12 % rate , (as of January 1 2023).
As a tourist you will be concerned by shopping, restaurants, hotels and some services they all are taxed at the 12% rate.