Search results for : VAT
September 01, 2022
FNM calls for temporary VAT breaks among other things as inflation rages
Responding to the prime minister's recent comments urging Bahamians to be frugal in the coming months as inflation is expected to persist, Free National Movement (FNM) Leader Michael Pintard yesterday demanded that he lead by example and immediately cut government spending. In a statement yesterday, Pintard urged the government to also implement relief measures for Bahamians ...
The post FNM calls...
August 19, 2022
Four govt agencies part of pilot VAT withholding scheme
The only entities currently engaged in the government's value-added tax (VAT) withholding scheme are government agencies, Acting Comptroller of the Department of Inland Revenue (DIR) Shunda Strachan said yesterday, explaining that this scheme should assist in recouping some unrealized revenue. Strachan, who made the comments while a guest on Morning Blend Business on Guardian Radio 96.9 ...
T...
VAT holiday push-back brings frustration
August 16, 2022
VAT holiday push-back brings frustration
THE government's decision to push back the VAT Holiday for back-to-school shopping was criticised by the Free National Movement and has caused frustration among some parents.
August 11, 2022
Halkitis: Govt, insurers still have opposing views on health insurance VAT change
Government and the insurance sector continue to have dialogue over the government's plan to move the burden of value-added tax (VAT) costs on healthcare services for insured people from both the insured person and the insurance provider to solely the insured person, Minister of Economic Affairs Michael Halkitis revealed yesterday, explaining that the insurance sector has ...
The post Halkitis...
Thompson: What happened to VAT-free holiday periods?
July 28, 2022
Thompson: What happened to VAT-free holiday periods?
KWASI Thompson, MP for East Grand Bahama, has called on the Government to provide timelines for when it will announce dates for "critical" VAT-free initiatives that would provide savings to Bahamians locally.
June 23, 2022
BIA concerned VAT changes for insured will harm healthcare sector
The government is preparing to move the burden of value-added tax (VAT) costs on healthcare services for insured people from both the insured person and the insurance provider to solely the insured person, Bahamas Insurance Association (BIA) representative Marcus Bosland said yesterday, warning that this move by the government could have myriad negative effects on ...
PM HITS BACK ON BREADBASKET VAT - while Watson claims tax reintroduction does not hurt consumers
May 20, 2022
PM HITS BACK ON BREADBASKET VAT - while Watson claims tax reintroduction does not hurt consumers
PRIME Minister Philip "Brave" Davis told his predecessor yesterday to take his own advice, as he hit back over new criticisms levelled at his administration over its refusal to remove value added tax from breadbasket items.
May 19, 2022
'TAX THE RICH' - Minnis: Charge wealthy property buyers and scrap breadbasket VAT
FORMER Prime Minister Dr Hubert Minnis yesterday suggested that the government increase taxes on wealthy property buyers and eliminate value added tax on breadbasket items to alleviate the burden on struggling Bahamians.
Policy reversal needed on VAT on breadbasket items
May 04, 2022
Policy reversal needed on VAT on breadbasket items
Dear Editor, Value-added tax (VAT) on breadbasket items disproportionately affect the poorest and those least able to withstand economic shocks. Is it time to reconsider VAT on breadbasket items? In March 2021, as the Minnis-led Free National Movement (FNM) administration floundered, the Progressive Liberal Party (PLP) offered a bold tax plan. The PLP's plan was ...
The post Policy reversal needed...
Cartwright repeats calls for breadbasket VAT relief
May 03, 2022
Cartwright repeats calls for breadbasket VAT relief
FREE National Movement deputy leader Shanendon Cartwright continued his criticisms of the government yesterday over its position that value added tax will not be removed from breadbasket items, saying it was a betrayal to tens of thousands of Bahamians who need relief.
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