Search results for : insurance
Did you mean : nuca
February 10, 2023
Government won't try to recoup VAT on health insurance claims
The government won't try to recoup millions of dollars from insurance companies as a new tax treatment of health insurance claims is set to take effect on April 1, 2023, according to Minister of Economic Affairs Michael Halkitis. Government and the Bahamas Insurance Association (BIA) have been at odds over the industry's previous practice of ...
The post Government won't try to recoup VAT on healt...
February 02, 2023
Bosland: BIA did not agree fully to terms on health insurance VAT claims
The Bahamas Insurance Association (BIA) did not agree fully to the terms set out by the government that will lead to increased costs for those with health insurance, who will now have to pay their own value-added tax (VAT) on health-related services, said chair of the BIA's health insurance committee, Marcus Bosland. The government plans ...
The post Bosland: BIA did not agree fully to terms on he...
Davis: Insurance companies have run afoul of VAT act
February 02, 2023
Davis: Insurance companies have run afoul of VAT act
Insurance companies have run "afoul" of the value-added tax (VAT) act by not remitting VAT on health insurance services to the government, but claiming it as an input and having the Department of Inland Revenue return it to them, Prime Minister and Minister of Finance Philip Davis said yesterday, adding that the government is now ...
The post Davis: Insurance companies have run afoul of VAT act ap...
February 02, 2023
PM says "the law is the law" on VAT treatment of medical insurance
NASSAU, BAHAMAS — Prime Minister Philip Davis said yesterday that "the law is the law" as he defended the decision by the Ministry of Finance to stop insurers from recovering the 10 percent VAT paid on health insurance claims payments. Opposition spokesman on Finance, Kwasi Thompson yesterday insisted that the actions of the Davis administration [...]
January 30, 2023
Ministry of Finance’s Response to the Bahamas Insurance Association’s Statement on the VAT Treatment of Health Insurance Claims
The Ministry of Finance has sight of a press release by the Bahamas Insurance Association (BIA) with respect to the VAT treatment on health insurance claims.
Health insurance VAT burden being moved to consumers
January 30, 2023
Health insurance VAT burden being moved to consumers
The Bahamas Insurance Association (BIA) is warning Bahamians for the second time in a week about increases to insurance costs, but this time they explained in a press statement that the Department of Inland Revenue (DIR) intends to move the value-added tax (VAT) burden for those with health insurance to the pockets of consumers in April ...
The post Health insurance VAT burden being moved to ...
BIA warns of increased home insurance premiums
January 23, 2023
BIA warns of increased home insurance premiums
Homeowners can expect increased premiums this year, as the region loses reinsurers as a result of increased catastrophe payouts from losses that totaled $120 billion last year, the Bahamas Insurance Association (BIA) explained in a press statement, adding that reinsurance costs have already increased between 20 and 30 percent this year. The statement also explained that ...
The post BIA warns...
Sunshine Insurance Donates $2,500 to Fancy Dancers
December 08, 2014
Sunshine Insurance Donates $2,500 to Fancy Dancers
The Fancy Dancers just got 2,500 more reasons to win the upcoming Junkanoo parades on Bay Street...
June 21, 2022
BASE: Group insurance means more cruise business for excursion operators
The Bahamas Association of Shore Experiences (BASE) continues to prepare its membership to benefit from more cruise passenger business through a group insurance plan, the association's President Denise Johnson told Guardian Business yesterday. Johnson said there has been significant interest in the insurance scheme, that will allow cruise companies to recommend insured BASE members' products to ....
January 14, 2011
Doctors Hospital Medical Assistance Sunshine Insurance Marathon Bahamas
Doctors Hospital Donated Funding, Medical Staff Team Ambulance and Volunteer Assistance to Sunshine Insurance Marathon Bahamas Given the fact that we work and live in such beautiful surroundings everyday, we tend to take for granted the reasons millions of tourist visit our shores each year.
Search Options
Filter:
Sponsored Ads
