VAT's invoice liability 'accounting nightmare'
The Government has been urged to avoid an “accounting nightmare” and rethink plans to make Value-Added Tax (VAT) registrants liable to pay the tax once a customer is billed.
Sky awaits approvals for Bimini-US route
Sky Bahamas is awaiting government approvals to begin a Bimini/Fort Lauderdale route and tap into additional traffic to that island, its chief executive telling Tribune Business the airline was already “on the rebound” from a pilot “sick-out” two weeks ago.
BFSB unveils new chairman
Prince Rahming, senior partner of PricewaterhouseCoopers (PwC) Bahamas, has been elected as the new Bahamas Financial Services Board (BFSB) chairman, replacing Paul Winder.
Veteran broker joins Mario Carey Realty
Chandra Parker, 10-year veteran broker will this week leave the firm where she has been for several years to join Mario Carey Realty.
Bimini expansion is 'like me trying to fit in son's pants'
By NATARIO McKENZIE
BTC moves ahead on fast cell technology
BTC’s cellular customers on New Providence are one step closer to enjoying super-fast technology this Christmas as a result of the very first Long Term Evolution (LTE) data call – commonly referred to as an ‘Internet download’ - on the BTC network early this morning.
Non-profits urged to 'fight crippling' VAT
Bahamian non-profit organisations were yesterday urged to “fight” the Government’s plans to treat them as ‘exempt’ for Value-Added Tax (VAT) purposes, the president of one warning they would all be “crippled” if not ‘zero rated’.
2/3 of Biminites don't want more visitor arrivals
Almost two-thirds of Biminites surveyed for the Resorts World/Genting ferry terminal Environmental Impact Assessment (EIA) said they did not want an increase in the island’s existing 52,000 annual visitor numbers.
‘Catastrophe’ if $3.3m in conch exports banned
PLACING the Queen Conch on the ‘endangered species list’ could be “catastrophic” for the Bahamas and other Caribbean countries, the Minister of Agriculture and Marine Resources said yesterday, adding that conch harvesting for local consumption was pumping $6 million annually into this nation’s fisheries sector.
Aircraft refuel costs 40% higher for Exuma
Aircraft refuelling costs in Exuma are still almost 40 per cent higher than for New Providence and Grand Bahama, the Ministry of Tourism’s director-general said, warning that much of the island’s potential profits were being “eaten away” by high costs.
Bahamas urged to focus on FDI's 65%
The Bahamas Chamber of Commerce and Employers Confederation’s (BCCEC) chairman yesterday urged the Government to focus on ‘spin-off’ opportunities generated for Bahamian businesses by foreign direct investment (FDI) projects, suggesting these accounted for 65 per cent of their economic activities.
Central Bank: $705m reserves beat target
The Central Bank of the Bahamas’ governor last night refuted suggestions this nation’s foreign reserve import coverage had reached “critical” levels, saying that at almost $705 million they were ahead of international benchmarks.
Realtor commission hit to already-high 17.5% purchase costs
A top realtor yesterday expressed concern over Value-Added Tax’s (VAT) potential “negative impact” on the sector, given that it would likely increase transaction costs already equivalent to between 13.5-17.5 per cent of the final purchase price.
Touch the heights to live your life
Mark the perfect man. This is what he might look like. He gets up in the morning with a bright and positive outlook on life.
Exuma farming going 'in wrong direction'
AGRICULTURAL production on Exuma is headed in the wrong direction, the island’s Chamber of Commerce president believes, with its ‘agricultural basin’ prone to constant flooding.
