Search results for : VAT
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...
'Health levy plus VAT rise too much to bear'
October 25, 2018
'Health levy plus VAT rise too much to bear'
PROGRESSIVE Liberal Party Leader Philip Davis yesterday knocked the government's proposed salary tax to fund its National Health Insurance scheme as "regressive"...
Update VAT guidance notes
December 29, 2014
Update VAT guidance notes
The Value Added Tax (VAT) Department of the Ministry of Finance has released updated VAT Guidance Notes to be read in conjunction with the VAT Act 2014 Act and Regulations 2014. The update also coincides with the release of the intendedVAT Rules...
October 15, 2014
Ministry of Finance: Condo and Homeowner's Association Fees Subject to VAT
Amid increasing enquiries the Ministry of Finance explained today that maintenance fees for condominium and homeowners' associations will be subject to VAT if the annual billings exceed the mandatory registration threshold of $100,000...
Fake News - 15% Vat Rate Rise
November 26, 2019
Fake News - 15% Vat Rate Rise
DEPUTY Prime Minister Peter Turnquest has refuted what he called "misinformation" about value added tax increasing to 15 percent in January 2020...
Davis: Gov’T Has Failed To Pay $7m In Vat Refunds
November 25, 2019
Davis: Gov’T Has Failed To Pay $7m In Vat Refunds
OPPOSITION leader Philip "Brave" Davis said the government has not been paying legitimate VAT refunds, adding yesterday that it is undermining the compliance level of the tax and "overstating its true performance value"...
New Vat Policy To Aid Abaco & Grand Bahama
October 31, 2019
New Vat Policy To Aid Abaco & Grand Bahama
PRIME Minister Dr Hubert Minnis announced a new VAT policy for Abaco and Grand Bahama yesterday to assist with rebuilding efforts...
October 17, 2019
Department of Inland Revenue's Advisory regarding VAT Payments on Insurance Claims
The Department of Inland Revenue advises the general public that VAT is not charged on insurance claims. The Government of The Bahamas is only in receipt of VAT on insurance policies at the time premiums are paid on taxable policies...
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...
PLP MP says VAT would 'savage' Bahamians
August 20, 2014
PLP MP says VAT would 'savage' Bahamians
MARCO City MP Greg Moss again blasted the Christie administration for its decision to impose value added tax (VAT) on January 1, 2015 saying the revenue generation system is "wrong" and would "savage" Bahamians...
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