Financial Secretary John Rolle at BICA VAT Seminar

Financial Secretary's (John Rolle) presentation given at this morning's BICA VAT seminar at the Melia Nassau Beach Resort...

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BICA appoints CEO

The council of The Bahamas Institute of Chartered Accountants (BICA) has appointed a new CEO.
Effective August 5, 2014, Shavardo Thompson will be responsible for building relationships with local industry regulators, as well as regional and international regulatory bodies, such as the Institute of Chartered Accountants of the Caribbean (ICAC) and the International Federation of Accountants (IFAC)....

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BICA: Require VAT return sign off to avoid fraud

The Bahamas Institute of Chartered Accountants (BICA) has expressed concern over the potential for fraud or miscalculations under the newly-publicized value-added tax (VAT) regime and is urging the government to include a provision calling for the signing off of large companies' VAT submissions by licensed accountants.
Darnell Osborne, president of BICA, said the institution believes that it would...

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BICA awaits VAT legislation before education can begin

The newly-elected president of the Bahamas Institute of Chartered Accountants (BICA) has stated that the institute cannot proceed with its proposed value-added tax (VAT) educational initiatives until the legislation is revealed.
Darnell Osbourne, who was elected BICA president yesterday, claimed that BICA would "work closely with governmental agencies, specifically the Ministry of Finance" to impl...

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BICA to engage in 'huge overhaul' of legislation

The Bahamas Institute of Chartered Accountants (BICA) is set to draft a "huge overhaul" to current legislation governing the accounting sector after meeting with representatives of the World Bank yesterday.
In an interview with Guardian Business, BICA President Jasmine Davis applauded yesterday's discussion between the two sides regarding the bank's Report on the Observance of Standards and Codes ...

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BICA: VAT Bill 'lacking'

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BICA: We must 'refocus' on VAT

Less than seven months before the government intends to implement value-added tax (VAT), the Bahamas Institute of Chartered Accountants (BICA) is moving full speed ahead with its educational initiatives, calling the July deadline 'ambitious' but 'doable'.
Its President Jasmine Davis confirmed to Guardian Business that BICA has never lost its focus on educating stakeholders in the accounting indust...

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BICA introduces VAT Committee

The Bahamas Institute of Chartered Accountants (BICA) has introduced its Value Added Tax Committee, made up of a cross section of accountants from various industries.
The committee is a sub-committee of BICA's Taxation Committee which is co-chaired by Reece Chipman and Lawrence Lewis.
The committee has been appointed until July 1, 2014, the expected start date for value-added taxation in The Baham...

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BICA: Tariff schedule 'key piece of puzzle' for VAT

Despite the government officially releasing the draft bill and regulations that would govern the proposed value-added tax (VAT), stakeholders in the accounting industry are still anxiously waiting for the new tariff schedule to be released.
Until that is released, President of the Bahamas Institute of Chartered Accountants (BICA) Jasmine Davis said they are left to review concepts. She is calling...

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BICA seeks to bolster accounting legislation

Accountants will have to undertake double the amount of annual continuing professional education they presently engage in and have their work audited by an outside body under proposals to amend the Public Accountants Act being advocated by the Bahamas Institute of Chartered Accountants (BICA).
Meanwhile, proposals are being put forward to allow for investigations into possible misconduct by accoun...

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