Michelle Neville-Clarke, Legal Advisor for the Coalition for Responsible Taxation, addressed the Rotary Club of West Nassau on Value Added Tax (VAT).
Tiffani Lightbourne and Jennifer Pedican-Dames of New Oriental Cleaners will both be wearing these brightly coloured T-shirts on Wednesday March 12th to drum up support for the The Coalition for Responsible Taxation.
Value Added Tax (VAT) will not be charged on any form of domestic travel, State Finance Minister Michael Halkitis told residents of Killarney March 3.
Financial Secretary John Rolle slammed opponents of VAT’s implementation in The Bahamas who circulated a 15-minute video about what they claim is the disastrous impact this form of taxation had on the economy of St. Kitts & Nevis.
The Government of the Bahamas is continuing its public education efforts on the impending Value Added Tax (VAT) implementation with a full month of community presentations.
Recently, Governor of the Central Bank Wendy Craigg urged the Government to quickly address the issue of unregulated web shop gaming and the associated vulnerabilities presented as a result and, even more, cautioned that this sector in its current state threatened to undermine proposed plans for a Bahamian Credit Bureau.
The Bahamas’ tax system is antiquated and can no longer support a growing and constantly developing country, Livingston Ferguson, Senior Customs/Revenue Officer, Ministry of Finance told teachers at The Government High School during a session of their professional development workshop January 19.
The country’s decision to implement VAT was not as a result of the International Monetary Fund (IMF) holding a gun to the head of The Bahamas government, Ministry of Finance Consultant Ishmael Lightbourne told dozens of people gathered at the Ministry of Finance’s VAT information forum at Evangelistic Temple recently.
The Ministry of Finance announced it has launched a hotline with experts standing by to answer questions about the proposed Value Added Tax system set to go into effect July 1.