Search results for : business licences
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The Department of Inland Revenue (CRA) reminds the public that fines and penalties are now being imposed as a result of the July 2015 amendment to the Business Licence Act.
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 ...
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...
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...
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...
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...
Business Licence Application/Registration in The Bahamas is now online! Business owners and taxpayers may register anywhere and anytime with internet access. Watch the instructional video and refer business owners/taxpayers...
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
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 ...