Search results for : VAT
Turnquest questions VAT figure
March 16, 2016
Turnquest questions VAT figure
Shadow Minister of Finance and Free National Movement (FNM) Deputy Leader Peter Turnquest yesterday forecast that the actual total revenue earned from value-added tax (VAT) in the first half of fiscal year 2015/2016 will actually be less than the $317 million the government is touting now, because that figure likely includes monies that will have to be refunded as part of the VAT scheme.
December 24, 2015
Rolle denies BIA claim of VAT removal from healthcare
FINANCIAL Secretary John Rolle said yesterday that no serious consideration is being given to removing value added tax (VAT) from healthcare services and health insurance premiums in this country...
No more VAT on healthcare
December 23, 2015
No more VAT on healthcare
THE Ministry of Finance is considering removing Value Added Tax (VAT) from healthcare services and health insurance premiums, Bahamas Insurance Association (BIA) Chairman Emmanuel Komolafe said yesterday...
December 22, 2015
PM named one of Jones Communications persons of the year for VAT introduction
PRIME Minister Perry Christie has been selected as one of The Jones Communications Network's (JCN) 2015 'Persons of the Year...'
269M in VAT over first half of 2015
November 18, 2015
269M in VAT over first half of 2015
With $269 million in value-added tax (VAT) collected over the first half of the year, and most filers hitting the deadline, Financial Secretary John Rolle yesterday stated that he saw no cause for the government to increase VAT "any time in the near term" if the Department of Inland Revenue (DIR) can sustain its current VAT collection efficiency, while cracking down on outstanding taxes.
Roberts to Pintard: VAT is big people's business
October 17, 2015
Roberts to Pintard: VAT is big people's business
Free National Movement (FNM) Chairman Michael Pintard should "stick to making jokes and stop getting in big people's business", Progressive Liberal Party (PLP) Chairman Bradley Roberts said yesterday.
FNM: Why borrow for repairs when we have VAT revenue
October 16, 2015
FNM: Why borrow for repairs when we have VAT revenue
FREE National Movement Chairman Michael Pintard yesterday questioned whether the government had considered using revenue from value added tax collections instead of borrowing the millions needed for the recovery and repair of storm-ravaged Family Islands...
September 22, 2015
Department Increases Enforcement of VAT Penalties and Fines
The Department of Inland Revenue encourages business owners to ensure that their Value Added Tax (VAT) returns are filed and paid on time to avoid facing penalties. The Department is now activating the automatic enforcement of penalties for late returns. Penalties for late filing and late payments are as follows...
Deadline approaching for second VAT filing period
July 20, 2015
Deadline approaching for second VAT filing period
The Value Added Tax (VAT) Department reminds the public that the deadline is fast approaching for the second VAT filing period for quarterly filers.
The deadline for the quarterly filing period for small and medium businesses is July 28, 2015, which means registrants should file and pay on or before that date.
July 20, 2015
Deadline fast approaching for the second VAT filing period for quarterly filers
The Value Added Tax (VAT) Department reminds the public that the deadline is fast approaching for the second VAT filing period for quarterly filers. The deadline for the quarterly filing period for small and medium businesses is July 28th...
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