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Green economy gives ‘opportunities galore’
The Government would help create a “far greater” number of “meaningful” Bahamian jobs if it abandoned its current development approach in favour of the ‘green economy’, a well-known QC believes.
Banks to ‘double’ VAT recovery.... to just 10%
The Bahamian banking industry is hopeful it might be able to recover ‘double’ the amount of Value-Added Tax (VAT) inputs than previously thought, as one institution yesterday revealed its total tax burden will increase by $6-$7 million in two years.
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.
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.
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.
GB airlift solution 'not instant coffee'
By NEIL HARTNELL Tribune Business Editor Contracting Bahamasair to solve Grand Bahama's airlift woes "will not be instant coffee", the minister of tourism and aviation conceded yesterday, adding that his ministry's plans were merely "rebuilding the infra
DEVELOPER MOVES TO AVOID EARLY 'MISS' AT EX-GINN PROJECT
By NEIL HARTNELL Tribune Business Editor The Canadian-based developer for the former $4.9 billion Ginn project's real estate component yesterday said it would suffer "a very severe blow" if it did not get the next phase right, having shifted the developm
