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Up to $40k VAT refund for first-time home purchasers
The Prime Minister yesterday unveiled multiple measures designed to boost Bahamian home ownership including an up-to $40,000 refund of VAT paid by first-time buyers on construction services and building materials.
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BUDGET: Plan for minimum wage rise and extra pay for civil servants
AS he unveiled his administration’s plans for the next fiscal year, Prime Minister Phillip “Brave” Davis announced a series of policy initiatives that are envisioned to assist Bahamians struggling with the inflationary high cost of living.
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‘About time’ high-end tax loopholes closed
Realtors yesterday said it was “about time” that the Government doubled the annual real property tax cap and sought to close “loopholes” that enable high-end condominiums in hotel rental pools to largely avoid tax.
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Accountant ‘surprised’ if any Budget tax hike
A Bahamian accountant yesterday said he would “definitely be surprised” if the Government introduced new and/or increased taxes in tomorrow’s Budget given that it would only worsen the cost of living crisis for vulnerable Bahamians.
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‘Fix low hanging fruit’ before Lucayan close
The Government was yesterday urged to fix “the low hanging fruit” by ensuring Grand Bahama International Airport remains open beyond 6pm while it moves to close the sale of the island’s major resort.
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Don’t allow COVID apathy to ‘strangle economic rebound’
A top hotelier yesterday warned The Bahamas “must not allow apathy” to undermine the COVID fight, while admitting the surge in cases will make the Government “more tentative” over the further restriction easing sought by tourism.
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PMH at full capacity, say officials
PRINCESS Margaret Hospital is full, officials reported last night – but not because of COVID-19.
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FNM chairman calls for answers over alleged incident between govt official and police officer
FREE National Movement chairman Dr Duane Sands has called for answers regarding an alleged incident that took place between a government official and a police officer over the weekend.
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1,000 turn out for return to the road
ABOUT 1,000 revelers flooded the streets on Saturday for a Carnival road parade making for a “perfect” event, according to Rafel Dean, president of the Band Owners Association.
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Bahamas ‘can’t be complacent’ on 15% corporate tax push back
The Bahamas “cannot be complacent” despite yesterday being granted more time to determine its approach to the G-7/OECD-led push for a minimum 15 percent global corporate income tax rate.
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BUDGET: ‘We’re going in right direction’
PRIME Minister Phillip “Brave” Davis yesterday predicted additional revenue growth for The Bahamas, adding that $2.8bn is projected in total revenue for the upcoming fiscal year.
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Man who attacked and threatened to kill his ex-girlfriend fined $850
A MAN was fined $850 in a Magistrate’s Court yesterday for assaulting his former girlfriend who he accused of having an affair with his brother.
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Unions get ready for Labour Day
TRADE Union leaders yesterday announced several planned activities to be held to celebrate labour week, including the Sir Randol Fawkes Labour Day parade.
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Airline eyeing Out Island expansion
An airline is aiming to expand commuter flights to Cat Island and Eleuthera by year-end as it seeks to ramp-up service to more Family Islands.
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‘No count’ on late disclosures
THERE has been a considerable increase in the number of officials who have filed their financial records, according to Public Disclosure Commission chairman Bishop Victor Cooper.
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Call for nationwide youth wellness programme
BAHAMAS Bodybuilding and Fitness Federation executive Nardo Dean continues to advocate for a nationwide youth wellness programme.
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BUDGET: Halkitis hints at homeowner help
SOME relief to the public and incentives to promote homeownership will be some of the features of the Davis administration’s first full budget presentation today, according to Economic Affairs Minister Michael Halkitis.
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Gibson preparing to return after police request
LONG Island MP Adrian Gibson is making preparations to return to The Bahamas from abroad after police requested to speak with him as part of their ongoing investigations into the Water and Sewerage corporation, his attorney told The Tribune yesterday.
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Men’s national soccer team is announced
COMING off the two-game split of their friendly matches against the Turks & Caicos Islands over the weekend, the Bahamas Football Association has selected its men’s national team that will represent the Bahamas at the CONCACAF National League.
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Three-year plan on floods
SEVERAL prominent government ministers and senior representatives came together for a press briefing yesterday to discuss government’s three-year flood remediation plan.
