October 29, 2019
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‘Plenty of time’ to work out yacht charter VAT
The Association of Bahamas Marinas (ABM) president yesterday voiced optimism that any “kinks” with VAT’s imposition on yacht charter fees will be resolved before “high season” after a summer that was “spot on” with pre-COVID volumes.
Fears VAT grab will ‘kill’ marina industry
The Association of Bahamas Marinas (ABM) president yesterday warned that reforms set to more than triple the tax rate imposed on foreign yacht charters will “kill” an industry that last year directly injected $122m into the economy.
Marinas: ‘Major concern’ over oil pricing volatility
The Association of Bahamas Marinas (ABM) president yesterday confirmed the industry has “a major concern” that higher fuel prices will dampen boating/yachting demand over the “crucial” summer months.
‘Don’t rest on laurels’ over yachting registry
The Bahamas must reform its tax structure to become a competitive flag state for yachts, a marina operator urged yesterday, adding: “We cannot afford to rest on our laurels.”
Marinas struck by weekend 'havoc'
The Association of Bahamas Marinas (ABM) president yesterday warned this nation cannot afford a repeat of the weekend "havoc" that saw boaters "harassed" and denied entry by government agencies.
Marina operator fears over boating fee hikes
Bahamian marina operators yesterday warned that proposed boating fee hikes will “definitely put people off” despite the government cutting some levies by up to 60 percent.Peter Maury, the Association Of Bahamas Marinas’ (ABM) president, told Tribune
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