Scotiabank backs education efforts
Scotiabank partnered with the Bahamas Hotel and Tourism Association (BHTA) as it hosted its 16th annual golf tournament.
Realtors: ‘Biggest hurdle’ VAT on commercial sales
Value-Added Tax (VAT) on commercial property transactions is the biggest hurdle” the industry will have to overcome as a result of tax reform, the Bahamas Real Estate Association’s (BREA) president said yesterday.
Caribbean water utilities assess disaster response
Caribbean water operators began the 23rd annual Caribbean Water and Waste Water Association (CWWA) conference yesterday examining best practices across the region in risk management and natural disaster responses.
Atlantis groups up 16% despite VAT concerns
Atlantis’s “very strong” 2016 group booking pace is 16 per cent ahead of this year, despite the twin threats posed by Value-Added Tax (VAT) and competition from Baha Mar.
'Maximum size Freeport' would end VAT need
Freeport could generate “significantly more” revenue than Value-Added Tax (VAT) on its own, if its ‘free trade zone’ model was allowed to grow the city to its 300,000 resident-strong maximum.
National Development Plan consultation 'kicks off'' today
Consultation on the Government’s long-awaited National Development Plan begins today, a Cabinet Minister describing it as “fundamental to the future success of the Bahamas” and its economy.
Stop VAT-financed Gov't 'spend spree'
A VAT Education Task Force member has urged Bahamians to prevent the Government using its anticipated $400 million revenue windfall to finance “a spending spree”, adding that other taxes should be cut to ease the economic burden.
Atlantis 'prepays' energy bill to boost BEC liquidity
Atlantis has been paying its BEC bill before receiving it to boost the cash-strapped Corporation’s cash flow, its top executive warning that lower energy costs were “imperative” for Bahamian economic success.
Businesses exposed to VAT penalties by employee fraud
Businesses must beware employees exposing them to Value-Added Tax (VAT) penalties by committing fraud, a well-known accountant urging that they enhance their internal controls.
Carnival works with Gov't to aid cruise passenger security
CARNIVAL Cruise Lines is working with the Bahamian authorities to enhance visitor security its chief executive recently confirmed, adding that it also had concerns about Value-Added Tax’s (VAT) implementation.
History shows price of Gov't appeasement
CARNIVAL Cruise Lines is working with the Bahamian authorities to enhance visitor security its chief executive recently confirmed, adding that it also had concerns about Value-Added Tax’s (VAT) implementation.
Identify theft, bribery schemes on the rise
BAHAMIAN accountants specialising in internal fraud investigations have noticed a rise in identity theft and bribery schemes likely brought on by unemployment.
Tax expert: Bahamas' low VAT rate to lower inflation
The Government’s decision to opt for a “relatively low” 7.5 per cent Value-Added Tax (VAT) rate should ensure the Bahamas avoids a major inflationary impact unlike other nations, an international tax expert says.
Family Guardian ratings reaffirmed
BISX-listed Family Guardian Insurance Company has seen the world’s leading insurance credit rating agency reaffirm its top financial strength ratings.
US officials in Baha Mar tour
Senior US Embassy officials have been introduced to Baha Mar’s executive team and taken on a tour of the luxury $3.5 billion resort.
