Search results for : inland
March 01, 2024
Inland Revenue at just under 50 percent of real property tax revenue target
NASSAU, BAHAMAS — The Department of Inland Revenue's top official yesterday revealed that the Department, as of February, had collected just under 50 percent of its projected $195 million in real property tax revenue target for this fiscal period. Acting Controller Shunda Strahcan, while speaking at a press briefing at the Office of the Prime [...]
February 29, 2024
Inland Revenue Acting Controller: We have To Meet The Target, We Don't Have A Choice
NASSAU, BAHAMAS - As government cracks down on tax collections to bring down deficit numbers by the end of the fiscal year, the Department of Inland Revenue is making it clear they'll do what it takes to meet that target.
Ease of doing business 'considerably eroded' amid Inland Revenue portal challenges accountant warns
January 24, 2024
Ease of doing business 'considerably eroded' amid Inland Revenue portal challenges accountant warns
NASSAU, BAHAMAS – Recent updates to the Department of Inland Revenue (DIR) portal have led to significant disruptions, causing frustration and raising substantial concerns within the business community according to Bahamas Institute of Chartered Accountants (BICA) President Pretino Albury. In response to Eyewitness News via email, Albury expressed that the challenges are "especially distressing,...
WORK WITH US: Department of Inland Revenue urges public patience amid widespread complaints about 'upgraded' platform
January 05, 2024
WORK WITH US: Department of Inland Revenue urges public patience amid widespread complaints about 'upgraded' platform
NASSAU, BAHAMAS — The Department of Inland Revenue has upgraded its online tax administration system and is asking the public to be patient as it works through the process of validating user accounts, according to Operations Manager Dexter Fernander. Fernander told Eyewitness News while the new process is "quicker," the rollout has not been seamless. [...]
AML Foods to "vigorously contest" Department of Inland Revenue's nearly $1 million VAT assessment
December 18, 2023
AML Foods to "vigorously contest" Department of Inland Revenue's nearly $1 million VAT assessment
NASSAU, BAHAMAS- AML Foods says that it plans to "vigorously contest" a nearly $1 million assessment by the Department of Inland Revenue (DIR) related to outstanding Value-Added Tax (VAT) for items sold VAT-free in Grand Bahama under the Special Economic Recovery Zone (SERZ) order. The BISX-listed company in its second-quarter report for the period ending [...]
Tropical Depression Dissipates Inland
October 24, 2023
Tropical Depression Dissipates Inland
AT 11:00 AM EDT, THE CENTER OF TROPICAL DEPRESSION #21 WAS LOCATED NEAR LATITUDE 13.6° NORTH AND LONGITUDE 84.8° WEST OR ABOUT 130 MILES NORTH-NORTHWEST OF BLUEFIELDS NICARAGUA.
Inland Revenue Officials Take Services To Bimini
October 02, 2023
Inland Revenue Officials Take Services To Bimini
NASSAU, BAHAMAS - The Department of Inland Revenue has been busy recently with a Family Island Compliance Tour after visiting Long Island and Abaco, they're now in Bimini.
Inland Revenue releases VAT holiday instructions
August 02, 2023
Inland Revenue releases VAT holiday instructions
The Department of Inland Revenue (DIR) released instructions yesterday for its holiday on value-added tax (VAT), which runs from August 19 to September 10. This comes after Free National Movement Shadow Minister for Finance Kwasi Thompson released a statement criticizing the government's tardiness in implementing the money saving scheme. In his statement, Thompson cited high inflation ...
The post...
May 26, 2023
Inland Revenue Targeting Chronic Delinquents, Says Minister
NASSAU, BAHAMAS - Minister of Economic Affairs, Michael Halkitis, clarifying a recent notice from the DIR which revealed that come June, the department will begin to enforce its right to the power of sale targeting.
Public Reacts to Inland Revenue Crack Down
May 12, 2023
Public Reacts to Inland Revenue Crack Down
NASSAU, BAHAMAS - Officials from the Department of Inland Revenue are issuing a flyer to the public Thursday revealing that come next month, the department will begin to enforce its right to the power of sale.
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