Business Licence's real property tax 'tie' questioned

Mon, Mar 19th 2012, 11:00 PM

By NEIL HARTNELL

Tribune Business Editor

THE Bahamas Chamber of Commerce and Employers Confederation's (BCCEC) chairman last night questioned whether it was legal for the Government to link Business Licence renewals to full real property tax compliance, warning this could have "a very significant impact" on already-struggling Bahamian companies.

A Ministry of Finance notice, released by Bahamas Information Services (BIS), in warning all Bahamas-based businesses that they had to submit their annual financial results, together with the required Business Licence tax payment, to the Ministry of Finance by end-March 2012, said the renewal was conditional on all outstanding real proper ...

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