Bahamas junk exit needs 'massive debt reduction'
The Government needs "a massive debt reduction" to hit one of its key goals for returning The Bahamas to 'investment grade' status by 2028-2029, a senior banker has warned.
Realtors and attorneys 'liable' for unpaid VAT from own fee income
Bahamian realtors and attorneys will themselves be held "liable" for covering any unpaid VAT on real estate transactions they have handled under legal reforms proposed by the Government.
Realtors 'on the hook' over VAT crackdown
Bahamian realtors yesterday voiced fears they are being placed "on the hook for something we have no control over" in the Government's crackdown on suspected property sales VAT evasion.
Charter crackdown places Bahamians 'in the same boat'
The Association of Bahamas Marinas (ABM) president yesterday said the Government's planned crackdown on soliciting charters locally will "put Bahamians in the same boat as everyone else".
Cruise private islands tax crackdown 'great first step'
Bahamian hotels yesterday hailed the private cruise island tax compliance crackdown as "a great first step" while urging that some of the funds generated be used to "fix tourism product shortcomings".
Liquor stores: No challenge with revised licence regime
Liquor stores proprietors yesterday said they saw no challenge in complying with the new licensing regime that requires new licence and renewal applications to undergo a public consultation.
Real estate deals 'void' until recording complete
Attorneys yesterday warned of "multiple implications" from legislative reforms that will render "void" all real estate transactions unless they are recorded as part of the Government's VAT evasion crackdown.
Water sports operators back stricter penalties for offenses
Jet ski operators say they are “on board” with the implementation of stricter and fixed penalties as announced during yesterday’s 2025/2025 Budget Communication.
‘Hard to understand’ how Gov’t will strike $3.9bn revenue goal
A Bahamian banker was yesterday “struggling to understand” how the Government will achieve a near-18 percent increase in its forecast 2025-2026 revenues amid the present tax and economic climate.
PM touts ‘first ever’ Budget surplus despite $373m cut
The Prime Minister yesterday touted that his administration will achieve The Bahamas’ “first-ever” Budget surplus in the upcoming 2025-2026 fiscal year despite slashing its size by almost $373m.
Key tax arrears increase $104m
Outstanding tax arrears owed to the Government in three key revenue streams increased by more than $104m during the nine months to March 2025, it was revealed yesterday.
Three-month $364m surplus gives PM deficit confidence
The Prime Minister yesterday voiced confidence the $363.6m Budget surplus generated between February and April this year will enable the Government to hit its deficit target amid Opposition scepticism.
Gov't 'undoing half the trauma' through VAT medicines slash
The Opposition's chairman yesterday accused the Government of taking credit for "undoing half the trauma" it had caused by imposing 10 percent VAT on medicines, feminine and baby products.
Cruise ship islands facing tax compliance crackdown
The Prime Minister yesterday unveiled a tax compliance crackdown on the private island cruise line destinations that will be "the biggest driver" of Bahamian economic growth over the next five years.
TUC chief denies KC reward for labour pact
The Trades Union Congress (TUC) president yesterday denied the governing party’s assertions that he was made a King’s Counsel (KC) as an agreed reward for signing their pre-election labour pact.
