GBPA stages VAT training sessions
Nearly 100 Grand Bahama Port Authority (GBPA) licensees attended its four-day training initiative on Value-Added Tax (VAT).
Fiscal Responsibility Act pledge urged by mid-Nov
The Government was yesterday urged to publicly commit by mid-November to passing a Fiscal Responsibility Act, amid “increasing push back” over fears it will renege on its side of the Value-Added Tax (VAT) bargain.
VAT registration creaks to a start... 0.005% take-up
The Government is optimistic that Value-Added Tax (VAT) implementation will “not be tumultuous” come January 1, although just 20 companies applied to be taxpayers during the first two registration days.
Bahamas 'lost at sea' over oil exploration
A leading advocacy group yesterday said it was opposed to oil exploration in Bahamian waters “unless and until” a US-style Environmental Protection Agency (EPA) is created, warning that this nation is “lost at sea” on the issue.
Business registry takeover labelled 'healthy approach'
The Bahamas Chamber of Commerce and Employers Confederation (BCCEC) believes the private sector will be better able to self-regulate and ensure greater tax compliance if it takes over as the Registrar of Businesses, its chairman said yesterday.
No 'tsunami' over virtual warehouses
The Government is “not expecting a tsunami” of businesses applying to use ‘virtual warehouses’ to ease the Value-Added Tax (VAT) transition, a top government official expecting “a few dozen at most” by today’s deadline.
Fiscal Responsibility Act pledge urged by mid-Nov
The Government was yesterday urged to publicly commit by mid-November to passing a Fiscal Responsibility Act, amid “increasing push back” over fears it will renege on its side of the Value-Added Tax (VAT) bargain.
GB consultant at Trinidad summit
A Grand Bahama-based business consultant was one of six Bahamian delegates to attend the fourth annual Caribbean Institute of Certified Management Consultants (CICMC) 2014 conference, held in Port-of-Spain, Trinidad this month.
MARKETING REVOLUTION: Changing our inward looking mental block
A few years ago I was doing some consulting work for a large Bahamian retailer, and I ran into a technical problem that was beyond my capacity to solve. So I did some research and found some highly-qualified Bahamians to help me solve the problem. In talking to them I said how delighted I was to find this level of expertise in the Bahamas.
Conference to explore key financial services topics
Local and international financial services experts will explore several key issues at next Wednesday’s Nassau Conference at the British Colonial Hilton.
Association maintenance fees declared VAT-able
The Ministry of Finance yesterday confirmed that maintenance fees for condominium and homeowners’ associations will be subject to Value-Added Tax (VAT) if annual billings exceed the mandatory $100,000 registration threshold, although there is “no upside revenue potential” for the Government.
GB consultant at Trinidad summit
A Grand Bahama-based business consultant was one of six Bahamian delegates to attend the fourth annual Caribbean Institute of Certified Management Consultants (CICMC) 2014 conference, held in Port-of-Spain, Trinidad this month.
New Arawak port road proposal within 45 days
The Arawak Port Development Company (APD) expects to pin down financial and planning details for a proposed new road link to its facility within 45 days, believing it could open up further investment on the Cay.
Breezes '32-month wait' for Baha Mar land proof
SuperClubs Breezes has allegedly been waiting 32 months for proof that the land it will receive from Baha Mar has been freed from all mortgage-related charges.
‘Non-compliance’ forces Sports Authority into $237,000 write-off
The National Sports Authority has effectively been forced to write-off $237,000 due to “non-compliance” by users of the Thomas A. Robinson stadium in paying rental fees.
