Search results for : VAT
January 22, 2015
Businesses with TINs only cannot charge VAT, notes VAT Dept.
Days after the government warned about some gas stations charging value-added tax (VAT) on VAT-inclusive gas prices, the VAT Department is again sounding a warning: Consumers should not be paying VAT to businesses registered for tax identification numbers (TINs) only.
"It's NOT about VAT!"
June 19, 2018
"It's NOT about VAT!"
Prime Minister Minnis' Contribution to the Budget Debate 2018/2019...
July 13, 2018
Campaign launched to educate Bahamians on VAT-free breadbasket items
PRICES Commission Chairwoman Syndia Dorsett said her office has embarked on an educational campaign to educate Bahamians on the country's new list of breadbasket items and its VAT-free status...
PM on island tour to explain need for VAT
June 26, 2018
PM on island tour to explain need for VAT
DAYS before value added tax is to increase to 12 percent, Prime Minister Dr Hubert Minnis spent much of yesterday in Andros explaining his administration's 2018-2019 budget, which has received intense public backlash...
June 19, 2018
The Rebel Four: No, no, no, no - FNM MPs split from party on VAT vote
FOUR Free National Movement members of Parliament joined the opposition in voting "no" to the bill that would increase value added tax from 7.5 percent to 12 percent last night...
VAT Filing & Payment Deadline Change
November 24, 2016
VAT Filing & Payment Deadline Change
The Department of Inland Revenue wishes to advise all taxpayers that effective January 1st, 2017 the deadline for VAT filing and payment will change.
File/Pay on time to avoid VAT fines and penalties
December 16, 2015
File/Pay on time to avoid VAT fines and penalties
The Department of Inland Revenue reminds taxpayers that VAT returns and payments must be received within 28 days after the end of each tax period.
CRIPPLING: Bahamas yacht charters hit with 40 percent year-over-year decline, US operator says VAT is the cause
January 29, 2024
CRIPPLING: Bahamas yacht charters hit with 40 percent year-over-year decline, US operator says VAT is the cause
NASSAU, BAHAMAS — Yacht charters to The Bahamas have experienced a 40-percent decline year-over-year, a US yacht charter operator has estimated, arguing that the 10 percent Value-Added Tax (VAT) imposed on foreign-owned yacht charter contracts is crippling their operations. "Yachts bring visitors to all the islands around the Bahamas where tourism is not readily accessible [...]
AML Foods to "vigorously contest" Department of Inland Revenue's nearly $1 million VAT assessment
December 18, 2023
AML Foods to "vigorously contest" Department of Inland Revenue's nearly $1 million VAT assessment
NASSAU, BAHAMAS- AML Foods says that it plans to "vigorously contest" a nearly $1 million assessment by the Department of Inland Revenue (DIR) related to outstanding Value-Added Tax (VAT) for items sold VAT-free in Grand Bahama under the Special Economic Recovery Zone (SERZ) order. The BISX-listed company in its second-quarter report for the period ending [...]
Yacht Brokers Association says VAT on yacht charters is driving business to other destinations
December 08, 2023
Yacht Brokers Association says VAT on yacht charters is driving business to other destinations
NASSAU, BAHAMAS — The Bahamas Yacht Brokers Association (BYBA) is urging the government to address the impact of its Value Added Tax (VAT) policy on the yacht charter industry, arguing that based on its research, the tax on yacht charters is driving away a large percentage of international yacht business to other more affordable destinations. [...]
Search Options
Filter:
Sponsored Ads
