Search results for : business licences
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By K. NANCOO-RUSSELL
Freeport News Reporter
Concerns members of the business community may have surrounding the new Business Licence Act, including questions about a new business licence fee schedule, will be addressed on Wednesday, October 20, during an open forum beng hosted by the Ministry of Finance and the Business Licence Valuation Unit. The event will take place at the ...
CONCERNS that the Government's Business Licence reforms were causing the private sector "a great magnitude of uncertainty" were raised yesterday, one attorney telling Tribune Business that the ability to suspend or revoke a firm's licence "for other good cause" was too vague, especially in the absence of a clearly defined appeals process.
By ALISON LOWE
The Bahamian Contractors Association's (BCA), which had hoped to receive word from government on concerns raised about the proposed hike in their business license fees, are still awaiting the Ingraham administration's "judgment" on the matter.
Larger contractors, in particular, had expressed anxiety about the Government's proposal to incr...
By ALISON LOWE
A backlog in the processing of business license applications at the Business License Unit within the Ministry of Finance has been largely resolved, according to a senior official, with everyone who applied for a license expected to have been processed by the end of this week.
Athena Marche, Deputy Controller of Inland Revenue with responsi...
Nassau, Bahamas - Businesses licensed under the Business
Licence Act are hereby reminded that they are obligated, before March 31, 2012,
to submit financial results to the Secretary in the form prescribed together
with payment of the relevant Business Licence tax.
Businesses are also reminded that,
arrangement has been made to
pay the amounts outstanding, they will
only be deemed to be i...
Legislation to strengthen the
domestic business environment went under the microscope during a Town
Meeting on Tuesday hosted by Minister of State in the Ministry of Finance,
Scheduled to come into effect
on January 1, the new Business Licence Act was described as "a pivotal
component of the Government's comprehensive and integrated economic
A LEADING construction executive has pressed the Government on when "judgment will be handed down" on the industry's request for it to reconsider proposed changes to its Business License fees, suggesting that not knowing how big the increase will be is already making doing business difficult for his firm.
The heavily-debated new Business Licence Act is finally here, with the Ministry of Finance sending out a reminder that registration forms for businesses can now be obtained online.
“The Ministry of Finance advises the public that the new Business Licence Act 2010 took effect on January 1, 2011,” said a statement sent to Guardian Business yesterday. “All businesses operating within The Bahamas ...
Bahamian businessmen have expressed concern and ire over the Government's decision to adjust the calculation of Business Licence fees through a method which "does not take account of the cost of producing revenue".
Several private sector figures, at a forum held by the Ministry of Finance on Wednesday evening, suggested that if the calculation of their business license fees were to shift from b...
By ALISON LOWE
The Ministry of Finance is "reasonably satisfied with progress being made" at the Business License Unit, although admitting that a "three-week backlog of around 300 applications" currently remains.
Minister of State for Finance, Zhivargo Laing, said late last week that the unit has "processed and completed about 10,000 applications" for b...