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November 09, 2015
Department of Inland Revenue Enforcing Business Licences Penalties and Surcharges
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.
September 08, 2015
Department of Inland Revenue Advises of VAT Free Shopping Rules
The Department of Inland Revenue reminds business owners that are eligible for the VAT Free Tourist shopping scheme that there are several goods that are not part of the scheme...
544 million in VAT projected for 2015/2016
May 31, 2015
544 million in VAT projected for 2015/2016
The government expects to earn a whopping $544.2 million in value-added tax (VAT) in fiscal year 2015/2016 - over $200 million more than the initial estimate of $300 million for a full fiscal year and nearly quadruple the estimated VAT revenue for 2014/2015.
WalMart in Bahamian crawfish buy threat
June 09, 2011
WalMart in Bahamian crawfish buy threat
Some major crawfish buyers, including WalMart, are threatening to drop the Bahamas as a source market for the high-value seafood if it is unable to obtain an international certification showing the product is fished in a sustainable way.
The giant US department store chain has said that, beginning this year, it will no longer buy Bahamian crawfish if the Bahamas does not achieve 2011 recognitio...
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