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.
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 NEIL HARTNELL
Tribune Business Editor
THE Government's Business Licence Act reforms were intended to be "tax neutral", Tribune Business was told yesterday, as Bahamian Contractors Association (BCA) representatives left a meeting with a key government minister "comfortably satisfied" that their concerns over a 50 per cent increase in Business Licence fee had been heard.
Stephen Wrinkle, the B...
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 ...
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...
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.
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.
THE Government intends to adopt a "much stricter and stronger enforcement than in times past" of rules relating to Business Licence infractions, the Minister of State for Finance has confirmed.
Zhivargo Laing said: "In too many instances businesses are creating nuisances in too many communities, as there are far too many people who think nothing of operating without a license or ignoring what t...