Domestic travel VAT exemption welcomed by out island operators
THE government’s decision to exempt domestic travel from Value-Added Tax (VAT) has been welcomed by out island resort operators.
Domestic travel will escape VAT
Value-Added Tax (VAT) will not be charged on any form of domestic travel, a Cabinet Minister has told residents of the Killarney constituency.
Bahamians combine in water plant bid
Rival Bahamian groups have joined forces to form one combined bid to take over the multi-million dollar Windsor reverse osmosis plant, Tribune Business can reveal, with the Government yet to make a decision on a new operator.
'Oppressive' bid to halt Blackbeard's Cay legal challenge
Attorneys for the environmental activists challenging the $8 million Blackbeard’s Cay project have slammed as “oppressive” the Government’s bid to strike out their action, noting that its $500,000 ‘security’ demand is “more than twice” its estimated legal costs.
GB Chamber calls for income tax alternative
The Grand Bahama Chamber of Commerce has urged the Government to implement an income tax as a more equitable and progressive alternative to Value-Added Tax (VAT), with both personal and corporate income caught in the net.
'Exorbitant' Business Licences make one-time payments impossible
Super Value’s owner yesterday said it was impossible for the food retail industry to pay the new “exorbitantly high” Business Licence fees one-time, as he dismissed claims he was ‘bullying’ the Government over its Value-Added Tax (VAT) proposals.
BHTA announces two executive postings
Former Bahamas Hotel and Tourism Association (BHTA) treasurer, Vaughn Roberts, has been appointed to fill its senior vice-president post.
Private sector urged to exploit grant financing
The Caribbean Export Development Agency has urged the region’s private sector to exploit the funds made available under the Direct Assistance Grant Scheme it facilitates.
Top official slams St Kitts VAT video as 'misleading'
A top Ministry of Finance official has slammed the 15-minute video that purports to show Value-Added Tax’s (VAT) disastrous impact on the St Kitts & Nevis economy, arguing that its introduction instead helped return that economy to growth.
MasterCard expands promotion to GB
MasterCard has partnered with the Ministry of Tourism to become the official card of the Bahamas.
Refer to the power of relationships
I’m really pleased when someone who has been referred by another active student walks into my business. In fact, we have buddy day once every few weeks.
Bahamas requiring 'smart Immigration'
THE Government was yesterday urged to adopt a “smart Immigration” policy similar to the likes of Canada, providing a clear path towards citizenship and selectively allowing in individuals with vital expertise that can help grow the economy.
'Isolated' VAT may cause $600m GDP loss
The Bahamas’ gross domestic product (GDP) could shrink by $200-$600 million if Value-Added Tax (VAT) is introduced “in isolation”, a well-known doctor said yesterday.
Banks working on cashless society
THE Central Bank has teamed with the commercial banking sector to reduce cash and promote greater efficiency in how banking is conducted, its Governor said, adding that the Bahamas was witnessing notable growth in cashless transactions.
Port chiefs misconstrued over VAT 'bullet dodge'
Freeport has mistakenly interpreted comments by the Grand Bahama Port Authority’s (GBPA) chairman and president into believing it has “dodged the bullet on VAT”, something the private sector says is incorrect.
