PM reassures on BPL bills amid oil price hike
The Prime Minister yesterday sought to reassure that Bahamian households will not see an increase in their electricity bills despite the sharp surge in global oil prices sparked by the Middle East conflict.
FNM candidate’s firm must pay $3.2k in ‘Birthday Club’ dispute
A Free National Movement (FNM) general election candidate and her dental care business have been ordered to pay a former employee $3,219 for wrongful and unfair dismissal related to a dispute over joining the company’s “Birthday Club”.
Briland operator: Meddling hits $700k tax debt pay-off
A Briland tourism operator is alleging that interference by its estranged former US business partner has left it struggling to generate sufficient revenues to survive and pay-off more than $700,000 in unpaid tax arrears owed to the Department of Inland Revenue.
Top hotels targeting up to 10% revenue rise through Easter
Major resorts are forecasting a 5-10 percent year-over-year revenue increase for Easter and the remainder of the peak winter tourism season, it was revealed yesterday, amid optimism The Bahamas will “find a way through” the fall-out from the Middle East conflict.
‘Cut losses’ over Rubis fuel leak damages case
A Bahamian homeowner’s $159,450 damages award over the 2012 fuel leak from Rubis Bahamas’ Robinson Road gas station has been overturned by the highest court in this country’s judicial system which has urged both sides to “cut their losses”.
Food stores face ‘nightmare’ on VAT exempt compliance
Food merchants fear the “workload” created by new tax rules will make it “impossible to comply” with timely and accurate VAT filings, Super Value’s owner is warning, while asserting all would be “hunky dory” if the elimination of tax on uncooked foods is made “simpler”.
Private sector must show anti-financial crime regime works
Bahamian financial institutions must demonstrate that compliance systems are not only in place but actively working to ensure this jurisdiction received a strong grade from the upcoming Financial Action Task Force (FATF) assessment of its anti-fnancial crime defences.
Bahamas regulatory move is blockchain global first
The Bahamas’s bid to regulate decentralised autonomous organisations (DAOs) through new legislation could be a global regulatory first, the Attorney General has asserted.
PM ‘trying to get head wrapped around’ NHI payment hold-ups
The Prime Minister has voiced frustration over delayed payments to doctors and others providing medical services to the National Health Insurance (NHI) scheme, and asserted he is “still trying to get my head wrapped around” what is causing the problem.
Over 20 flights impacted by bomb threat to LPIA
A bomb threat at Lynden Pindling International Airport (LPIA) delayed 11 domestic departures and nine US-bound and international flights yesterday morning, while two aircraft were diverted before operations resumed shortly after 9am.
Bahamas ‘trying to close gaps’ over OECD review
The Bahamas is “trying to close gaps” in its legislation to ensure a favourable review by the Organisation for Economic Co-operation and Development (OECD) over its compliance with global automatic tax information exchange standards, the Attormey General has revealed.
Minister affirms Gov’ts consumer safety pledge
A Cabinet minister reaffirmed the Government’s commitment to protecting the safety and rights of Bahamian consumers during a ceremony marking World Consumer Rights Day.
Judge pleads with Gov’t bank not to repossess family home
A Supreme Court judge has pleaded with a government-owned bank not to proceed with repossessing a couple’s Charlotteville family home after they purportedly made monthly payments plus a $32,000 “lump sum” to bring their mortgage back into compliance.
Super Value facing $400k monthly VAT ‘exempt’ hit
Super Value is bracing for an up to $400,000 per month hit due to the Government’s decision to treat the elimination of VAT on uncooked foods as ‘exempt’ rather than ‘zero rated’.
Bahamian trustee battles DOJ on $27m ‘repatriation’ demand
A Bahamian financial provider is battling the US Justice Department’s demand that it surrender assets held in two trusts it administers to cover $27m in unpaid federal income tax arrears owed by their settlor/beneficiary.
