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Bahamas gets new tax admin system

The government of The Bahamas has selected Data Torque and C2D Services, a partnership between two firms out of New Zealand and Canada, to supply the Integrated Tax Administration Information System solution for the Central Revenue Agency (CRA). 

Source:
Date:
Updated:
Government of The Bahamas
Thursday, October 31, 2013
Thursday, October 31, 2013

Data Torque and C2D Services LOGOSNassau, Bahamas, October 30, 2013: The Government of The Bahamas has selected Data Torque and C2D Services, a partnership between two firms out of New Zealand and Canada to supply the Integrated Tax Administration Information System solution for the Central Revenue Agency (CRA).

The IT solution to be provided by Data Torque and C2D will allow for administration of the Value Added Tax (VAT) and other taxes that will fall under the CRA.

The selection process for the IT solutions provider was guided by a very detailed requirements document which emphasized the use of modern tools to ensure best practices for monitoring taxpayer accounts, evaluating taxpayer risks and identifying cases that should be audited based on risk profiles. The requirements also sought to ensure that taxpayers will not have to visit the CRA’s premises to inquire on the status of their accounts, make requests for services, register, or to pay their obligations. These services will all be provided online.


Data Torque, a New Zealand based firm, has provided complete IT solutions for tax administration in a number of small countries in the Pacific and Africa including the Solomon Islands, the Cook Islands, Samoa, Vanuatu and Swaziland. The company also has experience as a solutions provider for tax administration systems in the Caribbean.

C2D Services, of Canada, has extensive experience in developing tax information systems and building capacity in the Caribbean, Africa and Asia.

More details about the companies can be found online at www.datatorque.com and at www.c2dservices.com

See more at the C2D and Data Tourque Website.

Steiner Leisure Ltd yesterday announced financial results for the third quarter and nine months ended September 30, 2013. The spa and beauty treatment provider offers services on cruise lines that operate throughout The Bahamas and the Caribbean region.

For some perspective on the current state of the stock market, today's chart presents the long-term trend of the Russell 2000 (small-cap stocks).

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