Web shops pay $12-$13m taxes
The Government has collected some $12-$13 million in taxes from web shops to-date, the Minister of Tourism said yesterday, adding that 10 applicants had paid the $10,000 necessary to obtain a copy of the licence tender.
Atlantis ‘exceeds forward bookings’ by 15% on MLK day
Atlantis “exceeded our forward bookings” by 15 per cent for Monday’s Martin Luther King Day holiday in the US, its top executive yesterday predicting January will prove “a great booking month”.
Striping firm receives MoU draft on $50m proposals
The Bahamas Striping Group of Companies (BSGC) has submitted $50 million worth of proposals to the Government for airport and road maintenance on 10 islands, with the former work alone set to create 750 jobs if approved.
Over $5m stolen from businesses in police cases
More than $5 million worth of cash and goods were stolen from Bahamian businesses in the 379 cases reported to the police during 2014, it was revealed yesterday.
Go’vt agencies resolve Port post-paid VAT row
Freeport businesses yesterday confirmed that government agencies had favourably resolved their differences over whether Value-Added Tax (VAT) should be levied on duty-paid entries for December that were submitted after the New Year.
Bahamas on luxury agencies’ ‘hot list’
A network of luxury travel agencies has ranked the Bahamas among the top 10 destinations for early 2015 travel, with this nation’s year-over-year growth for the first three months said to be up 20 per cent.
‘Full steam ahead’ on $30m project relaunch
Construction on a ‘relaunched’ $30 million Cable Beach development is “moving full steam ahead”, its principal disclosing that 150 workers will be employed at the project’s peak.
Bahamas ‘behind 8 ball’ over VAT filing readiness
The Bahamas was yesterday described as “behind the ‘8’ ball” on preparing the private sector for its first Value-Added Tax (VAT) returns, which have to be filed and paid over to government in six weeks’ time.
Gov’t wants South Ocean ‘off table’
The Government was yesterday said to remain “very anxious” for the owner of New Providence’s still-closed South Ocean resort to find a buyer, as it holds talks with a new round of potential bidders.
Bahamians urged: Think like foreign purchasers
Bahamians were yesterday urged to “think like foreign buyers”, both when it came to decision-making speed and realising that this nation’s real estate was competitively priced compared to major international markets.
Union accused of ‘betrayal’ in Melia row
A rival contender for the hotel union leadership has accused the current executives of “betraying” Melia Nassau Beach Resort workers by not informing them of the resort’s plans to alter gratuity payments 10 months ago.
Auo dealer describes VAT as ‘devastating’
A leading auto dealer yesterday described the roll-out of Value-Added Tax (VAT) as “devastating” from a business perspective, telling Tribune Business he was holding out hope that commerce would improve once consumers fully adjusted to it.
Chamber ‘ironing out’ domestic arbitration
The Bahamas Chamber of Commerce and Employers Confederation (BCCEC) yesterday said it was still “ironing out the mechanics” for a domestic arbitration centre, a facility it still hopes to launch in the 2015 first quarter.
BTC mobile rival must beat 1% dropped calls
The winning bidder for the second cellular licence is being required to meet higher service standards than the Bahamas Telecommunications Company (BTC) from the off, as it must achieve a monthly ‘dropped calls’ average of less than 1 per cent.
VAT to make Bahamians $2,000 poorer annually
Value-Added Tax (VAT) will make the average Bahamian poorer by $2,000 per annum, a well-known accountant warning his 5 per cent inflation prediction may be exceeded by merchants raising prices to coincide with its implementation.
