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Atlantis’s 4.5% Xmas rate rise beats hotel norm
Atlantis has seen a “quite substantial” 4.5 per cent year-over-year increase in average daily room rates (ADRs) for the upcoming peak Christmas/New Year season, a growth rate exceeding industry norms.
Gov’t urged: Don’t lose momentum on ‘sole tax panacea’
The Government has been urged to set a date for the Central Revenue Agency’s (CRA) creation, the Tax Coalition’s chair fearing that momentum on a tax compliance “panacea” may be lost.
BIA chair warns on Brexit's potential to impact FDI, banking
The Bahamas Insurance Association's (BIA) chairman yesterday warned it was currently impossible to predict how the UK's European Union (EU) exit will impact the Bahamas, adding: "The only certainty is uncertainty".
Gov’t plans to narrow VAT payment window
The Government yesterday unveiled plans to shrink the Value-Added Tax (VAT) payment window by seven days, and other revenue enforcement measures, amid the numerous tariff rate cuts consistent with a pre-election Budget.
Gov't 'dragging on everything'
The Tax Coalition’s co-chair yesterday said there ad been no contact with the Government since the Budget’s unveiling more than a month ago, complaining that the Christie administration was “dragging their feet on everything” vital to the private sector.
VAT guidance notes undermine core financial sector policy
The Government’s “inconsistent” Value-Added Tax (VAT) positions are threatening to undermine core financial services policy objectives, a top QC warned yesterday, threatening a loss of competitiveness and high-value business.
BPL pledges: You’ll have ‘soft landing’ on extra charge
BAHAMAS Power & Light’s (BPL) chairman yesterday pledged to make “the landing as soft as possible” for Bahamian consumers when it adds a debt servicing charge to their bills.
VAT readiness: PM warned that 'Clock ticking'
Prime Minister Perry Christie has been warned that “the clock is ticking” on the private sector’s Value-Added Tax (VAT) readiness, a Tax Coalition co-chair yesterday calling for the revised legislation and regulations to be published “as soon as possible”.
ICON-ic product puts Fund administrators 'more on the hook'
While Bahamian fund administrators will be “much more on the hook” than with similar structures, a senior industry executive says the “rewards” from an ICON-ic launch will be worth the risk.
Oil explorer: New fiscal regime does not apply to us
The Bahamas Petroleum Company’s (BPC) chief executive yesterday said the Government’s increased ‘take’ from oil exploration would not apply to its activities, because its fiscal terms were already set.
BAHAMAS URGED: ADDRESS FINANCIAL LAW WEAKNESSES
By NEIL HARTNELL Tribune Business Editor The US government has again urged the Bahamas to strengthen its anti-terror financing laws and make membership of organised criminal gangs a criminal offence, according to a recently-released US State Department r
SUPPLIER CONCERNS ON BTC 'INCONSISTENCIES' SOLUTION
By NEIL HARTNELL Tribune Business Editor Bahamian businesses yesterday expressed concern that the Bahamas Telecommunications Company (BTC) was extending the period for paying them to 60 days, as the newly-privatised carrier moves to tackle "inconsistenci
SUPPLIER CONCERNS ON BTC 'INCONSISTENCIES' SOLUTION
By NEIL HARTNELL Tribune Business Editor Bahamian businesses yesterday expressed concern that the Bahamas Telecommunications Company (BTC) was extending the period for paying them to 60 days, as the newly-privatised carrier moves to tackle "inconsistenci
SUPPLIER CONCERNS ON BTC 'INCONSISTENCIES' SOLUTION
By NEIL HARTNELL Tribune Business Editor Bahamian businesses yesterday expressed concern that the Bahamas Telecommunications Company (BTC) was extending the period for paying them to 60 days, as the newly-privatised carrier moves to tackle "inconsistenci
SUPPLIER CONCERNS ON BTC 'INCONSISTENCIES' SOLUTION
By NEIL HARTNELL Tribune Business Editor Bahamian businesses yesterday expressed concern that the Bahamas Telecommunications Company (BTC) was extending the period for paying them to 60 days, as the newly-privatised carrier moves to tackle "inconsistenci
Bahamians warned: Brace for post-VAT delinquency cut-off
Bahamians must get used to companies increasingly cutting them off for non-payment due to Value-Added Tax’s (VAT) cash flow impact, a well-known businessman warned yesterday.
Gov’t is warned: Don’t fall in love with VAT monies
The Government has been warned not to become “too enamoured” with Value-Added Tax’s (VAT) relatively successful start in preparing next week’s 2015-2016 Budget.
Developer incurs 'north of $3m' in legal battle costs
By NEIL HARTNELL Tribune Business Editor Arawak Homes has incurred legal costs "north of $3 million" over the past 15 years in defending its title to land in Nassau's Sir Lynden Pindling Estates, its president telling Tribune Business yesterday that "up
Developer incurs 'north of $3m' in legal battle costs
By NEIL HARTNELL Tribune Business Editor Arawak Homes has incurred legal costs "north of $3 million" over the past 15 years in defending its title to land in Nassau's Sir Lynden Pindling Estates, its president telling Tribune Business yesterday that "up
PM says: ‘Make best of bad situation’ on VAT
A “very conciliatory” Prime Minister Perry Christie has urged the private sector to “make the most of a bad situation” on Value-Added Tax (VAT) and its implementation, Tribune Business can reveal.