Search results for : VAT
January 07, 2016
PM will speak to VAT, debt in next budget presentation
Prime Minister Perry Christie said yesterday it would be "speculative" to speak about how value-added tax (VAT) has impacted national debt, which increased year-over-year by over $500 million despite VAT revenue set to far outpace the government's original projections.
Mortimer: Show us the VAT money
January 07, 2016
Mortimer: Show us the VAT money
Democratic National Alliance Deputy Leader Chris Mortimer is questioning what the government has done with value-added tax (VAT) revenue in light of the fact that the national debt has ballooned to $6.5 billion despite the promise of using the new financial stream to address the growing debt.
No removal of VAT from healthcare
December 24, 2015
No removal of VAT from healthcare
In response to a statement appearing in yesterday?s newspaper, the Ministry of Finance advises that public that no proposals have been put forward by the Ministry of Finance to remove the VAT from health care services.
VAT most important 2015 development, CEO says
December 23, 2015
VAT most important 2015 development, CEO says
Bahamas Chamber of Commerce and Employers' Confederation CEO Edison Sumner said the implementation of the value-added tax (VAT) was far and away the most important development over the last year in the business arena, with the troubling developments at Baha Mar being the biggest regret and disappointment of 2015.
December 16, 2015
Department reiterates differences between VAT & TIN Certificates
The Department of Inland Revenue wishes to remind taxpayers about the difference between Value Added Tax (VAT) Certificates and Tax Identification Number (TIN) Certificates.
December 13, 2015
IMF Bahamas consultation: Steady on VAT, reform public sector
Ahead of the International Monetary Fund (IMF) 2016 Article IV consultations in The Bahamas, expected to take place in March 2016, an IMF official has prescribed that the low-growth environment prevailing in The Bahamas underlines the need for continued fiscal consolidation, through steadfast implementation of VAT (value-added tax) with few exemptions and expenditure rationalization.
Finance ministry denies reversal on VAT on insurance
November 29, 2015
Finance ministry denies reversal on VAT on insurance
The Ministry of Finance has taken "strong exception" to the suggestion that officials in the ministry and the VAT (value added tax) Department have reneged on the understanding of insurance policies renewed before July 1, 2015 and how they are to be treated under VAT.
VAT on insurance
November 27, 2015
VAT on insurance
The Ministry of Finance takes strong exception to the report in today?s newspaper, which suggests that officials in the ministry and the VAT Department have reneged on the understanding of insurance policies renewed before July 1st, 2015 and how they are to be treated under VAT.
November 02, 2015
Department of Inland Revenue publishes updated VAT Guidance Notes
The Department of Inland Revenue wishes to advise the public that it has released updated VAT Guidance Notes to be read in conjunction with the VAT Act 2014 and Regulations 2014
October 16, 2015
Pintard: Govt should use VAT revenue for storm relief
The government should use revenue collected from value-added tax (VAT) to assist with relief efforts in the wake of Hurricane Joaquin, Free National Movement (FNM) Chairman Michael Pintard said yesterday.
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