Search results for : Excise
October 17, 2023
Bahamas Customs & Excise Department Welcomes New Trainees
Bahamas Customs & Excise Department welcomed new trainees in an Opening Ceremony for Induction Class #1 of 2023 on Monday, October 16, 2023 at Customs Headquarters. Speakers were Acting Comptroller of Customs Ralph Munroe and Financial Secretary Simon Wilson.
June 01, 2012
Government introducing measures to rationalise tariff and excise rates
NASSAU, The Bahamas -- The Government is introducing a number of measures to further rationalise tariff and excise rates, Prime Minister the Rt. Hon. Perry Gladstone Christie said during his presentation of the 2012/2013 Budget Communication in Parliament, Wednesday, May 30.
October 02, 2023
CARIFORUM-EU Customs Procedures and Trade Facilitation Workshop
A three-day training seminar, called CARIFORUM-European Union (EU) Economic Partnership Agreement Customs Procedures and Trade Facilitation workshop, is currently held at the Customs Department on Thompson Boulevard. The workshop is also virtually accessible to Officers in the Family islands and will facilitate capacity building for Officers from the Ministry of Finance, Ministry of Foreign Affair...
'Door closed'on many topend car buyers
June 07, 2011
'Door closed'on many topend car buyers
Bahamian new car dealers yesterday told Tribune Business that the Central Bank of the Bahamas' interest rate reduction would have minimal impact on vehicle demand, given the increased costs produced by Excise Tax and manufacturing cost rises.
Andrew Barr, Friendly Motors' sales manager, told Tribune Business that while the 0.75 percentage point reduction in the Discount Rate would help, it was ...
Duty Free For Family Islands
November 20, 2012
Duty Free For Family Islands
Weeks after hurricane Sandy ravished the country, the government has declared that six Family Islands are eligible for duty free imports.
February 22, 2024
Prime Minister Davis: The Bahamas experienced a ‘robust’ economic rebound in 2023
While giving his mid-year 2023/24 Budget Statement to Parliament, on February 21, 2024, Prime Minister and Minister of Finance the Hon. Philip Davis stated that, in 2023, The Bahamas experienced a “robust” economic rebound, primarily fueled by significant tourism inflows, leading to an estimated real GDP growth of 4.3 percent.
Tax revenue collections improve by nearly $73 million during first six months of the fiscal year
February 22, 2024
Tax revenue collections improve by nearly $73 million during first six months of the fiscal year
The deficit exceeded the budget forecast by $127.6 million at the halfway mark. NASSAU, BAHAMAS – Prime Minister Philip Davis announced a $72.9 million improvement in tax revenue collections during the first six months of the fiscal year, reaching $1.2 billion, which accounted for 40.1 percent of the budget target. In his mid-year budget statement, [...]
July 03, 2023
The Ministry of Education and Technical and Vocational Training Expresses Condolences on the Passing of Former Archives Director Dr. Gail Saunders
The Ministry of Education and Technical and Vocational Training marks with sadness the passing of Dr. Gail Saunders, the first Bahamian trained as an Archivist, as a pioneer of modern Bahamian culture and education.
GPBA fires back
June 28, 2023
GPBA fires back
A day after Prime Minister Philip Davis announced in Parliament the government is going after the Grand Bahama Port Authority (GBPA) for monies he said are owed to the Public Treasury, GBPA fired back in a strongly worded statement, saying it contests the Davis administration's claim, and accusing the government of being in breach of the Hawksbill Creek Agreement (HCA), which "has held Freeport ...
GBPA wants evidence of govt claims over debts
June 28, 2023
GBPA wants evidence of govt claims over debts
THE Grand Bahama Port Authority defended its management of Freeport yesterday after Prime Minister Philip "Brave" Davis criticised its performance, saying increasing bureaucracy and red tape from the government have held the island back.
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