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MOF releases statement on revenue reforms – PDF

The Ministry of Finance financial secretary John Rolle released a public statement regarding several revenue reforms approved by Parliament during the 2015/2016 Budget Debate. Read the statement here. 

Source:
Date:
Updated:
Ministry of Finance
Tuesday, June 30, 2015
Tuesday, June 30, 2015

The Ministry of Finance financial secretary John Rolle released a public statement regarding several revenue reforms approved by Parliament during the 2015/2016 Budget Debate.

These mainly affect the revenue collections that fall under Ministry of Finance agencies and include Customs Duties and Excise Taxes, Stamp Taxes, Value Added Tax (VAT), Real Property Taxes and Business Licenses.

Download a PDF of the statement here.

Senior vice president of external affairs at Baha Mar Robert Sands has commented on the reasons behind the resort developer's application for voluntary bankruptcy, blaming repeated construction delays and the pressures of maintaining a huge payroll. Watch an interview with Sands here.

The Bahamas government has issued another statement regarding mega resort Baha Mar's recent decision to file for Chapter 11 under the US Bankruptcy Code. Read the statement here.

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