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End to 12% VAT realty rate ‘shows we mean business’
Realtors yesterday hailed the Government’s decision to eliminate the 12 percent VAT rate on high-end property sales as “a very solid move”, adding: “It shows we mean business.”
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National debt just under economy’s size at 98.4%
The Bahamas’ national debt was just less than the size of the economy at end-September 2021 after increasing to almost $10.5bn over the previous three months, it was revealed yesterday.
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Social entitlements ‘worthless’ without Govt fiscal order
The social entitlement programmes promised by all the political parties are “worthless unless we get our fiscal house in order”, a leading governance reformer urging: “Grow the economy, shrink the Government.”
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Bowe queries Izmirlian call to halt sale of Baha Mar
GOWON Bowe, president of the Bahamas Institute of Chartered Accountants (BICA), has questioned the basis of Sarkis Izmirlian’s call for a moratorium on Baha Mar’s sale to Chow Tai Fook Enterprises Ltd (CTFE), insisting concessions should not be the determining factor of whether the deal reached completion.
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Consultants: Put VAT on gambling
The Bahamas should levy Value-Added Tax (VAT) on all forms of gaming, with consultants urging it to follow New Zealand’s lead by taxing players through the gross sum bet.
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NAD fiscal position 'stable' says CFO
NASSAU Airport Development Company (NAD) saw total revenues of $71.5m in its 2014 fiscal year, an increase of $7.2m over the previous year, its Chief Financial Officer yesterday describing the airport operator’s fiscal position as stable.
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Focus falls on gratuities over VAT compliance
THE Ministry of Finance will be paying close attention to restaurants and similar establishments seeking to add a 7.5 per cent value added tax on their gratuity rates, Acting VAT Comptroller John Rolle said.
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Carnival 'likely' a boost to economy
BAHAMAS Chamber of Commerce and Employers’ Confederation Chairman Gowen Bowe said the positive feedback from Bahamas Junkanoo Carnival has likely had a positive effect on the economy.
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Insurance industry to introduce VAT education programme
THE insurance industry is not waiting “idly” until the government finalises the details on how the industry will be affected by Value-Added Tax (VAT) on July 1 according to one leading insurance executive, who has told Tribune Business that the sector was positioning itself to launch its own education campaign.
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Pre-paid Visa cards for social services 'revolutionary'
THE introduction of pre-paid Visa cards for persons eligible for Social Service benefits was described as “revolutionary” by Social Services Minister Melanie Griffin.
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Turnquest defends budgeting policy
DEPUTY Prime Minister and Minister of Finance Peter Turnquest said government debt under the Minnis administration has increased by $977 million since taking office. He was speaking during the start of the 2020/2021 budget debate yesterday and was r
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Jones one of the top performers at Summer Hoops Festival
EACH appearance on the prep grassroots circuit continues to net NCAA Division I offers for Kai Jones.
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BISX-listed insurer in 37% profit jump
A BISX-listed insurance group yesterday unveiled a 36.8 percent year-over-year profit increase for 2021 as its top executive said it was "time to be cautiously optimistic" after two years of COVID.
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Job applicants exceed posts 10x at ex-Robin Hood
BUSINESSMAN Sandy Schaefer says he has distributed more than 1,100 applications for the 135-145 jobs that will be created when his new retail venture, ‘Shepherd’s Mart’, opens off Tonique Williams-Darling Highway by month’s end.
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Robin Hood in reverse
EDITOR, The Tribune.
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Credit union enjoys 'record breaking' 14% member growth
A well-known credit union yesterday said it had enjoyed a “pretty good year” in 2013, with “record breaking” 14 per cent growth in its membership coupled with a just under 8 per cent increase in total assets.
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Murder suspect among latest arrests
POLICE arrested 17 persons on Monday, including one man for murder and others who were wanted for questioning in connection with serious offences such as possession of dangerous drugs and housebreaking.
Obit
Cyril Roberts
Funeral Service for Mr. Cyril Roberts age 74 affectionately called “Cy” of Stevenson Subdivision off Mackey Street, who died April 17th at The Princess Margaret Hospital, will be held on Saturday 11:00 a.m. at St. Francis Xavier Cathedral West Street. …
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Spencer leads Caribbean team to over 70 tennis tourney
KIT Spencer, president of IC Bahamas, led a combined IC Caribbean team to an over 70 tennis tournament in Belgium.
