Search results for : business licences
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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...
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 ...
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
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...
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...
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 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...
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...