Search results for : new car dealers
SANPIN MOTORS LTD- Nissan/Kia
SANPIN MOTORS LTD- Nissan/Kia
Thompson Blvd
Nassau
Nassau / Paradise Island, Bahamas
The Auto Mall
The Auto Mall
Shirley Street, Auto Mall
Nassau
Nassau / Paradise Island, Bahamas
Car dealer allegedly shortchanged Customs
June 22, 2010
Car dealer allegedly shortchanged Customs
A local car dealer cleared six SUVs through the Department of Customs at a rate of 60 percent, the day after Prime Minister and Minister of Finance Hubert Ingraham raised the duty rate on such vehicles to 85 percent, The Nassau Guardian has learned.
In total the car dealer allegedly shortchanged customs by more than $28,000, according to documents obtained by The Guardian.
Dealer's job cut fear over tripling tax rate
February 20, 2011
Dealer's job cut fear over tripling tax rate
By NEIL HARTNELL
Tribune Business Editor
A leading new car dealer has warned that a tripling of his real property tax bill, plus an estimated 50 per cent Business Licence fee increase, coupled with the increased auto import duties and general economic malaise means that he cannot avoid staff downsizing "for much longer".
Fred Albury, president/owner of Executive Motors, told Tribune Business he...
Auto Dealers 'Take A Bath' From Matthew
December 01, 2016
Auto Dealers 'Take A Bath' From Matthew
New car dealers yesterday told Tribune Business they ?really took a bath? in October, with sales ?the worst? in recent memory due to Hurricane Matthew and the struggling economy.
AUTO DEALER SUFFERS 'WORST EVER MONTH'
September 22, 2011
AUTO DEALER SUFFERS 'WORST EVER MONTH'
By NEIL HARTNELL
Tribune Business Editor
A BAHAMIAN auto dealer yesterday said August 2011 was "the worst month" it had ever experienced for new car sales since opening its doors in 1996, the industry overall seeing an almost 11 per cent year-over-year decline against 2010 comparatives.
Andrew Barr, sales manager at Friendly Motors, told Tribune Business that in the aftermath of the dramatic ta...
VAT compliance costs could cripple car business
September 17, 2014
VAT compliance costs could cripple car business
One member of the automotive industry in The Bahamas has already spent $300,000 on the requisite accounting software and will have to spend $1.7 million to become compliant with the regulations of the value-added tax (VAT) regime.
As the government continues anemic educational efforts on VAT, in an atmosphere of grave public concern and even outright fear, Bahamas Motor Dealers Association (BMDA) ...
BCCEC'S response to the Budget Communication.
July 11, 2013
BCCEC'S response to the Budget Communication.
Bahamas Chamber of Commerce and Employers Confederation?s
response to Budget Communication.
After having consulted with our membership and the business community at large, including private sector employers, there have been grave concerns expressed over some of the pronouncements in the 2013/14 Budget Communication as to relates to certain revised taxes and some new tax initiatives by the Gove...
BCCEC concerned about tax hikes in budget
July 09, 2013
BCCEC concerned about tax hikes in budget
The Bahamas Chamber of Commerce and Employers Confederation (BCCEC) is expressing grave concerns over the government's 2013/2014 budget as it relates to taxation, specifically how it will impact the automotive industry and food prices.
In a statement issued by the BCCEC yesterday, while the business community accepts that taxes are necessary to maintain the fiscal soundness of our economy, "we bel...
Neymour: Revised vehicle duty structure primitive
June 05, 2013
Neymour: Revised vehicle duty structure primitive
Modifications made to the duty on motor vehicles as outlined in the 2013-2014 budget communication are "primitive," according to the former Minister of State for the Environment Phenton Neymour, who added that they go against guidelines in the Bahamas National Energy Policy.
Neymour told Guardian Business that there is no clear reason to essentially revert back to the old vehicle duty structure, ...
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