February 12, 2024
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Halkitis defends VAT changes, says grocers had ‘ample time’
ECONOMIC Affairs Minister Michael Halkitis yesterday pushed back on criticism from the food retail sector over its VAT regime, stressing that merchants had ample time to make adjustments ahead of the next month’s VAT cut on unprepared food.
Gov't eyes completion of tax residency certificate
The Government is targeting completion of the tax residency certificate product that will allow expatriate residents to prove to home jurisdictions they are domiciled in The Bahamas and compliant.
Minister: ‘Much work’ despite Moody’s stable credit rating
A Cabinet minister has affirmed “much work” remains to rebuild sufficient “headroom” for the Government’s finances despite Moody’s confirmation of The Bahamas’ creditworthiness and ‘stable’ outlook.
‘$7m rise in consultancy budget does not mean consultants will be hired’
EVEN though the budget for consultancy services will increase in the Ministry of Finance and the Ministry of Tourism in the next fiscal year, Economic Affairs Minister Michael Halkitis said this does not mean consultants will be hired.
Halkitis: Economic zones were not achieving goals
ECONOMIC Affairs Minister Michael Halkitis said the Davis administration discontinued the Economic Empowerment Zones programme, which provided some tax exemptions to inner city residents and businesses, because it was not achieving its objectives.
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