Search results for : VAT
May 27, 2021
BREA: INCREASE IN VAT OKAY, GIVE BUYERS TOP NOTCH SERVICE
The leadership of the nation’s largest professional association said today they would ask their clients to swallow a higher Value Added Tax rate on real estate purchases if that increase came with action – an improvement in ease of doing business including speedier application processing.
December 23, 2014
Water & Sewerage prepares its Customers for VAT implementation
With 2014 coming to a close, Value Added Tax (VAT) is right around the corner and the Water and Sewerage Corporation (WSC) hopes to prepare their customers for what their bills will look like after the new tax is in place...
April 23, 2021
OECD: Bahamas has highest VAT revenue ratio in Latin America and Caribbean
The Bahamas had the highest value-added tax (VAT) revenue ratio (VRR) in the Latin America and Caribbean (LAC) region just before the COVID-19 pandemic, according to a just-released revenue statistics report by the Organisation for Economic Co-operation and Development (OECD).
March 31, 2017
PM Christie Speaks to VAT 'Naysayers in HOA Communication
During his Communication to the House of Assembly on VAT (Value Added Tax) Revenues, Prime Minister and Minister of Finance the Rt. Hon. Perry Christie said, on March 29, 2017, that any "financial person or purported financial person" that suggested there was reasonable expectation...
September 28, 2020
Government ePSR digital procurement system active: only 30% of VAT registered businesses signed up to bid on government contracts digitally
The Ministry of Finance encourages every business to register as a supplier on the eProcurement & Supplier Registry system to view and bid on relevant government contracts...Registration is free at https://suppliers.gov.bs/
February 16, 2015
Water & Sewerage makes understanding VAT charges as Easy as 1,2,3
The Water and Sewerage Corporation (WSC) wants to make the transition to VAT as easy as possible for their customers, and is helping to do so by rolling out a video which illustrates how customers? bills will look when VAT charges have been added.
BAHAMAS' VAT SYSTEM-Triumphs and Pitfall
September 26, 2014
BAHAMAS' VAT SYSTEM-Triumphs and Pitfall
Likely problems in the short, medium and long-terms...
November 20, 2014
Ministry of Finance: Business Licensing Process Fast-Tracked for VAT Registrants
The Ministry of Finance announces that with immediate effect the Business Licence Section of the Department of Inland Revenue has implemented fast-track procedures to allow affected businesses and organisations to complete the mandatory registration for VAT...
February 04, 2015
VAT Department Issues Fines and Warning Letters for Late Registration
With the mandatory registration process well advanced beyond the November 30th 2014 deadline established in the law, the VAT Department began issuing fines and warnings today to nearly 200 businesses...
Govt to introduce back to school VAT holiday
May 27, 2020
Govt to introduce back to school VAT holiday
The government will introduce a back-to-school value-added tax (VAT) holiday ahead of the new school year, Deputy Prime Minister and Minister of Finance Peter Turnquest announced on Wednesday...
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