Search results for : business licences
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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...
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.
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...
Nassau, Bahamas - Enclosed is a
Contribution by Prime Minister the Rt. Hon. Hubert Ingraham.
Since returning to office in 2007, my
Government has remained steadfastly committed to strengthening the domestic
business environment. Our
overriding objective in doing so is to facilitate the creation of new
businesses and the expansion of existing ones, both of which are vital to
securing growing empl...
The Ministry of
Finance advises the public that the new Business Licence Act 2010 took
effect on January 1, 2011. All businesses operating within The Bahamas
must register under this new Act by March 31st, 2011.
must be made at the Business License Offices in New Providence, Grand
Bahama, Abaco and Exuma or at the Office of the Island Administrator in
all other isla...
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
A Bahamian accountant yesterday suggested that private hospitals and medical clinics may have been incorrectly required to pay Business Licence fees, amounting to hundreds of thousands of dollars, for decades.
Theofanis Cochinamogulos, managing partner of Cochinamogulos and Co, a chartered accountancy and management consultancy firm, told ...
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 ...
By NEIL HARTNELL
Tribune Business Editor
and TANEKA THOMPSON
Tribune Staff Reporter
The Government is expecting to earn a net $300,000 revenue increase from reforms to the Business Licence Act and its taxes, a government minister said yesterday, confirming that the rates for industries such as construction and the hotels had been adjusted downwards by 0.25 percentag...