The VAT Department is pleased to acknowledge the progress most vendors have made in complying with requirements of the Value Added Tax Act 2014 to display retail prices that are inclusive of VAT.
The Bahamas: Business
In light of the potentially life-threatening incident at London’s busy Heathrow Airport, local aviation lawyer Llewellyn Boyer-Cartwright renewed his call to regulate operators of unmanned aerial vehicles (UAVs).
The Ministry of Finance announces that with immediate effect the Business Licence Section of the Department of Inland Revenue has implemented fast-track procedures to allow affected businesses and organisations to complete the mandatory registration for VAT.
A mix of nearly 100 older and younger representatives from the financial services industry came together for the launch of the Bahamas Millennials Society (BMS) this week.
Tourism-related businesses are being urged to become VAT registered now to avoid potential problems by waiting until the November 30th deadline.
As part of its ongoing educational outreach on the captive insurance sector, the Bahamas Financial Services Board is hosting a half-day Insurance Industry Briefing that includes a “Captives 201” component.
VAT readiness training for the tourism industry moved into the Family Islands last week as nearly 100 participants attended the intensive VAT Readiness and Registration workshops on Abaco and Exuma.
After a 15 month-wait and several rounds of rigorous government mandated testing, Caribbean Pavement Solutions (CPS) is looking to officially bring its “revolutionary” RejuvaSeal to airports and roadways across the nation.
“Skepticism is what has been holding Grand Bahama back” said Steve Bell, Developer of the Ascot Project was he addressed the Rotary Club of Grand Bahama Sunrise on Wednesday morning.