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Gov’t possesses ‘last piece of VAT puzzle’
The first-ever Value-Added Tax (VAT) quarterly filings are “the last piece of the puzzle” for the Government in determining whether it will meet annual revenue projections for its new tax, a top official believes.
Private sector brands VAT compliance ‘very impressive’
Super Value’s owner has described initial Value-Added Tax (VAT) compliance rates as “very impressive”, amid hopes there has been “a paradigm cultural shift” in attitudes towards paying taxes.
PM: $37m BTCIPO 'soon' held
PRIME Minister Hubert Ingraham said yesterday that the $37 million initial public offering (IPO) of a 9 per cent stake in the Bahamas Telecommunications Company (BTC) will be held "soon", adding that his administration was proud of its record in creating a "vibrant" shareholding society.
VAT slash ‘not reckless’ as revenues up $160m
The Ministry of Finance’s top official yesterday said the VAT rate cut “is not a reckless, populist act” as he revealed the Government has outperformed first half revenue targets by $160m.
Central Bank: No money laundering sign ‘on any scale’
The Central Bank says “there is nothing” to suggest money laundering occurs “on any scale” in The Bahamas based on its analysis of currency circulation trends.
Despite 20% sales growth, business 'ain't what it was'
A Bahamian businessman said yesterday he had seen “slight growth” of 20 per cent in sales at his Prince Charles Drive company, while noting that business “is not like it used to be”.
PM: VAT Rate to be lower than 15%
Prime Minister Perry Christie last night confirmed that Value-Added Tax (VAT) would be introduction at a lower rate than the initially proposed 15 per cent, with the implementation date also subject to potential change.
Boutique hotel on 'radar' for $200m development
A $200 million real estate development yesterday confirmed that a boutique hotel, while “on our radar”, was likely three to four years from being added to its product mix.
2022 mixed for Out Island resort targets
FAMILY Island resorts experienced a mixed 2022 in terms of hitting their collective targets as they closed in on a return to pre-COVID business volumes, a top tourism official has confirmed.
Abaco lounge fined $30k for breach
THE co-owners of an Abaco lounge were ticketed $30,500 for breaching COVID-19 Emergency Powers Orders by having nearly 100 people crammed into a space only meant to hold 24.
Jones Player of the Week
For the third consecutive week this season, Connecticut Sun centre Jonquel Jones has earned the Women’s National Basketball Association’s Player of the Week honours.The Grand Bahama native shares the honours this week with Natasha Howard of the Seatt
Bahamian golfer Thomas Bethel disqualified
DAY three of the 57th Annual Caribbean Amateur Golf Championship Tournament was a disappointing outing for Team Bahamas, highlighted by the disqualification of one team member.
Barbers, salons: 'No one talking of closing'
Barbers, hair salons and spas have vowed “to cope” with their latest COVID-19 lockdown as one industry representative revealed: “No one is saying they are going to close down.” Dellarese Taylor, the Bahamian Cosmetologists and Barbers Association’s
Bahamas Bowl players are selected in the NFL Draft
TWO student athletes who participated in last year’s Makers Wanted Bahamas Bowl joined three other alumni from previous years as they were selected during the 2019 NFL Draft, held April 25-27 in Nashville, Tennessee.
NPBA: Giants complete perfect regular season, Your Essential Store clinch pennant
WHILE the New Providence Basketball Association’s perennial men’s division one champions Commonwealth Bank Giants put the lid on a perfect regular season, their first year division II team Your Essential Store Giants clinched their pennant.
Near $200m energy saving from natural gas switch
The Bahamas would realise between $172-$186 million per annum in “net savings benefits” if it switched to natural gas as its main energy generation source, with this nation’s electricity system costs the highest in the Caribbean.
‘Smooth sailing’: Resort’s $30m annual GB boost
Fears that a major resort development may have stalled were eased yesterday after it was revealed the project will generate a $30m annual boost for Grand Bahama’s ailing economy once fully operational.
‘They wanted Gov’t to buy the Grand Lucayan twice’
The Grand Lucayan’s ex-chairman yesterday said the Government would “effectively have been buying the hotel a second time” had it agreed to Royal Caribbean and ITM Group’s demand it finance 95 percent of the $50m purchase price.
Nassau/PI hotels ‘soon can’t take anyone else’
Nassau and Paradise Island hotels will “soon reach the point where we can’t take anyone else”, a senior tourism executive has warned, with room shortages driving “unheard of” March occupancies.
Swiss Excellence in Education leaders to meet with parents, students, officials in the Bahamas
BAHAMIAN teachers, residents and students will have an opportunity to meet face to face with some of the world’s most respected educators when a contingent representing the finest schools and colleges in Switzerland arrives in Nassau tomorrow.
