Finance

Ministry of Financial Services-Draft Competition Bill
Ministry of Financial Services-Draft Competition Bill

July 09, 2018

The Ministry of Financial Services, Trade & Industry and Immigration today issued the following statement in response to an article captioned “Competition law’s “conflict” on agent, distribution links” appearing in the Tribune Newspaper on the 4th July 2018...

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Prime Minister discusses Budged with Exuma Residents

June 29, 2018

Prime Minister, Dr. the Hon. Hubert Minnis continued his trek across the islands to discuss with residents the 2018/19 National Budget and the Value Added Tax increase to 12 percent...

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VAT Compliance Workshop at BAIC

June 29, 2018

Small to medium business owners took time to attend the VAT Compliance Workshop Program at BAIC on Thursday, June 28, 2018. The aim of this workshop...

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Sterling Global Calls for Blockchain Legislation
Sterling Global Calls for Blockchain Legislation

June 27, 2018

Sterling Global’s digital currency expert urged The Bahamas to adopt crypto currency legislation during the nation’s first three-day Blockchain and Crypto conference which drew hundreds of companies and international currency...

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Labour Minister Meets With Credit Suisse Bahamas Officials
Labour Minister Meets With Credit Suisse Bahamas Officials

June 26, 2018

The Minister of Labour, Senator, the Honourable Dion A. Foulkes, along with Labour officials recently met with senior executives of Credit Suisse Bahamas. Credit Suisse employs 104 people in The Bahamas...

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Illusion of The Bahamas being a tax-free place will no longer be sustainable

June 25, 2018

Acting Prime Minister and Minister of Finance, the Hon. K. Peter Turnquest said the illusion that individuals had of The Bahamas being a tax- free place will no longer be sustainable...

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Government enters into contractual agreement with the IDB for investment projects total for investment projects totalling $70 million

June 19, 2018

The Bahamas Government entered into a contractual arrangement with the Inter-American Development Bank (IDB) for investment projects totalling $70 million...

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Sterling Global Expert to Address GB Cryptocurrency Conference
Sterling Global Expert to Address GB Cryptocurrency Conference

June 18, 2018

Sterling Global Financial’s Brandon Caruana is the latest addition to the inaugural Bahamas Blockchain and Cryptocurrency Conference line-up...

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SCOTIABANK Aids Cultural Youth Ambassadors
SCOTIABANK Aids Cultural Youth Ambassadors

June 18, 2018

Scotiabank recently recognized The Bahamas National Children’s Choir (BNCC) and The Bahamas National Youth Choir (BNYC) for their immense talent and ongoing cultural representation...

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1st Bahamas Blockchain and Cryptocurrency Conference a Week Away

June 13, 2018

As the launch of the first Bahamas Blockchain and Cryptocurrency Conference is just over one week away, Minister of State for Grand Bahama in the Office of the Prime Minister, Senator the Hon. J. Kwasi Thompson, on Monday encouraged Bahamians to get registered.

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'Don't expect to save on clothes after duty cut'
'Don't expect to save on clothes after duty cut'

June 13, 2018

ALTHOUGH the Minnis administration hopes Bahamians benefit from customs duty waivers off clothes and shoes for retailers, former government ministers say businesses have historically failed to pass savings from exemptions to consumers...

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2.5bn in VAT income - yet debt went up
2.5bn in VAT income - yet debt went up

June 11, 2018

THE government has collected some $2.5bn in value added tax revenue since 2015, according to Finance Minister Peter Turnquest who accused the former Christie administration of mismanaging the money...

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Prominent Bahamians to Discuss 201/2019 National Budget at 11th Annual Financial Voice

June 08, 2018

Four industry experts will dissect the 2018/2019 National Budget, highlighting their views on the recently announced 60 percent hike in Value Added Tax (V.A.T.) at the 11th Annual Financial Voice on Tuesday June 12, 2018...

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June 07, 2018

The government’s overriding immediate priority must be to bring the public finances to a responsible and sustainable state by: paying off and getting behind it the mountain of arrears and unpaid bills that it has discovered since coming to office, said Deputy Prime Minister and Minister of Finance the Hon. K. Peter Turnquest.

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Government taking deliberate steps to cushion impact of fiscal measures on the poorest households

June 07, 2018

Deputy Prime Minister and Minister of Finance, the Hon. K. Peter Turnquest said in light of the fiscal measures, which call for a shared sacrifice from all, the government is taking deliberate steps to cushion the impact on the poorest households.

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June 06, 2018

Any potential sale of the government-owned and operated Nassau Flight Services Limited (NSF) will be open to Bahamian investors only, Minister of Tourism and Aviation the Hon. Dionisio D’Aguilar said.

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Draft Estimates of Revenue and Expenditure 2018-19

May 31, 2018

Attached please find the Draft Estimates of Revenue and Expenditure 2018/2019. This is to supplement the budget communication from this afternoon.

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Minister of Finance Presents "Landmark Budget" in the House of Assembly

May 30, 2018

Deputy Prime Minister and Minister of Finance the Hon. K. Peter Turnquest presented the 2018/2019 Budget Communication in the House of Assembly this morning, centred upon 'Implementing the Government's Policy Agenda and Securing Core Fiscal Objectives.'

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Industry Leaders Tapped for Bahamas Cryptocurrency Conference

May 30, 2018

The government of The Bahamas has tapped leading industry names to provide a wealth of knowledge and insight at The Bahamas Blockchain & Cryptocurrency conference.

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2018/19 Budget Communication

May 30, 2018

"Most substantially Mr. Speaker, the Government is proposing an increase in the rate of Value Added Tax from the current 7.5 percent to 12 percent effective July 1st."

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