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June 07, 2023
PM Davis 'confident' that Revenue Outturn will near $2.9 billion
Prime Minister and Minister of àFinance the Hon. Philip Davis said in the House of Assembly, during his Communication on Budget 2023, on May 31, 2023, that public revenue receipts were strong over the nine-month period of July 2022 to March 2023, due to legislative reform, effective policy decisions, strengthened economic conditions and more efficient collection efforts.
June 01, 2023
Government revenue at $2.1 billion for first nine months
Prime Minister touts improvements in the country's financial health NASSAU, BAHAMAS — Government revenue for the first nine months of fiscal year 2022/2023 amounted to $2.1 billion, representing a 14.5 percent increase compared to the previous year and nearly 74 percent of the budget forecast. Total expenditure increased by $145.3 million to a total of [...]
May 31, 2023
PM Davis ‘confident’ that Revenue Outturn will near $2.9 billion
Prime Minister and Minister of Finance the Hon. Philip Davis said in the House of Assembly, on May 31, 2023, that public revenue receipts were strong over the nine-month period of July 2022 to March 2023, due to legislative reform, effective policy decisions, strengthened economic conditions and more efficient collection efforts.
Prime Minister Davis: Total Revenue increased by 14.5 percent over same period the previous year
May 31, 2023
Prime Minister Davis: Total Revenue increased by 14.5 percent over same period the previous year
As he gave a review of fiscal performance during the first three quarters of the 2022/23 fiscal year (July 2022 – March 2023), Prime Minister and Minister of Finance the Hon. Philip Davis noted, on May 31, 2023, that total revenue amounted to $2.1 billion for the first nine months of the fiscal year 2022/23.
Revenue Up, But Debt to Climb
May 31, 2023
Revenue Up, But Debt to Climb
NASSAU, BAHAMAS - The Davis intends to borrow just over $45 million for the remainder of this fiscal year.
May 26, 2023
Inland Revenue Targeting Chronic Delinquents, Says Minister
NASSAU, BAHAMAS - Minister of Economic Affairs, Michael Halkitis, clarifying a recent notice from the DIR which revealed that come June, the department will begin to enforce its right to the power of sale targeting.
May 24, 2023
OP-ED: Revenue demands driving need driving corporate income tax
The government has laid out a very impressive argument for the introduction of corporate taxes in its recently issued Green Paper. It delineates four options which implement a "tiered system with CIT applied only to the largest multinationals in remit of OECD Pillar Two, BLF(Business Licence Fee) for all other firms; Introduce modest CIT for [...]
Public Reacts to Inland Revenue Crack Down
May 12, 2023
Public Reacts to Inland Revenue Crack Down
NASSAU, BAHAMAS - Officials from the Department of Inland Revenue are issuing a flyer to the public Thursday revealing that come next month, the department will begin to enforce its right to the power of sale.
May 11, 2023
Inland Revenue has been garnishing accounts since early April
The Department of Inland Revenue (DIR) has made good on its promise to begin garnishing the bank accounts of businesses that are severely in arrears and have not made arrangements to correct their debt to the government, DIR's Head of Communications John Williams told Guardian Business yesterday, adding that this has been done to "many" ...
The post Inland Revenue has been garnishing accounts sinc...
February Fiscal Balance Nets $16.2 million Surplus; Government Revenues Improve $51.7 million Over Prior Year
April 19, 2023
February Fiscal Balance Nets $16.2 million Surplus; Government Revenues Improve $51.7 million Over Prior Year
The Ministry of Finance is pleased to release its monthly fiscal report on Government’s operations for the month of February 2023, as mandated by the Public Finance Management Act, 2021.
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