The Bahamas Investor

...spending control initiatives under consideration are the use of public private partnerships and efficiency improvements within the state-owned enterprises. “The government is also resolved to bringing greater accountability, transparency and sound fiscal management principles to bear on the country’s finances. Improvements in fiscal management and policy outcomes are being promoted through the planned introduction of Fiscal Responsibility legisla......

...prices, fluctuating export markets and the recent 60 per cent increase in VAT. “There is a lot of uncertainty out there,” says Sands-Feaste. “We need resources to focus on doing things right. We have the ability to compete at a global level and can increase our ranking internationally and make it easier for business.” While the government continues to take guidance from the national committee and look at far-reaching policy changes, Sands-Feaste......

...were reported for the majority of the categories, led by value-added tax (VAT) receipts, which advanced by $7.9 million (11.5%) to $76.6 million, while business & professional fees firmed by more than two-fold ($4.4 million) to $8.1 million–due to a $4.3 million expansion in general business fee proceeds. Meanwhile, taxes on international trade grew by a more muted $1.5 million (3.4%), to $45.7 million. In contrast, “other” tax collections declin......

...investments to our country. We look forward to the participation of the private sector in this initiative,” the Prime Minister added. Prime Minister Minnis said recognizing that economic growth requires improving the ease of doing business, the administration appointed a committee to make recommendations to improve the ease of doing business in The Bahamas, soon after coming to office on May 10, 2017. The Committee has since completed its assigned......

...August 3, August 13 – 17 Cost (Five Day Program): $1,200 per participant* (vat inclusive); note: camp MUST be booked for all five days Snorkel the Ruins at Twilight On June 15, Atlantis (home of the world’s largest open-air marine habitat) will launch its first- ever twilight version of the resort’s “Snorkel the Ruins program,” a 45-minute snorkeling adventure amid the “sunken ruins and artifacts” of the lost city of Atlantis. While the acclaimed......

...and carry unforeseen costs such as a 2.5 per cent stamp tax, 7.5 per cent VAT and legal fees. Buyers must negotiate the purchase of the property, as well as applying separately to the Department of Immigration. The two applications can occur concurrently, but go through different systems. “Some buyers are more relaxed than others. Some want to know everything about the process, they need to know the details of every stage, while others just sit b......

...ontinued to be dominated by the impact of the hike in the value added tax (VAT) rate, while increased tax receipts supported the decline in the government’s deficit during the first half of FY2018/2019. In monetary developments, both banking liquidity and external reserves expanded in January 2019, buoyed by net foreign currency inflows from tourism-related activity. Read/download the Central Bank’s full Monthly Economic and Financial Developments......

...ty in the construction sector. Reflecting the hike in the value added tax (VAT) rate and higher oil prices, the inflation rate rose modestly in 2018. In addition, monetary sector developments were dominated by the build-up in banking sector liquidity and external reserves, due to the seasonal tourism-related increase in net foreign currency inflows. Read/download the full Monthly Economic and Financial Developments February 2019 report here: MEFD......

...dium and small-scale foreign investment projects supported activity in the construction sector. Inflation rose modestly during the twelve months to March, reflecting the pass-through effects of the increase in the value added tax (VAT) rate in prior periods. In monetary developments, bank liquidity declined over the review period, amid an increase in credit-mainly to the Government-while deposits firmed mildly. Read/download the report here: MEFD......

...x, they do not get any of the benefits of the hotels and they pay duty and VAT on everything. This is a burgeoning market, why would you want to kill that?” In addition, Abaco, in common with other islands, is grappling with high energy costs and burdensome bureaucracy. Hutton would like to see a more devolved system in place to reduce the bottleneck as business decisions are channelled through Nassau, which is time-consuming and off-putting for b......

...amas, singles, couples, friends, adult families and groups will enjoy a private escape in a modern facility. All-inclusive rates include all meals and snacks; alcoholic and non-alcoholic beverages; standard Wi-Fi internet access from the “beach to the bedroom;” daily activities and nightly entertainment; non-motorized watersports; use of the fully-equipped fitness centre; and gratuities, taxes, surcharges and 7.5% Value Added Tax (VAT). WIH contra......

...urnquest. In the Q report, government revenue saw an expected expansion in VAT receipts driven by realty transactions, as well as non-tax revenue due to the $11.6 million payout the government received from its parametric insurance with the Caribbean Catastrophic Risk Insurance Facility (CCRIF). The strong tourism performance produced a significant increase in departure taxes, which firmed by $10.0 million (33.5 per cent) to $39.8 million. There w......

...ss-through effects of the previous-year’s increase in the value added tax (VAT) rate. In the monetary sector, bank liquidity expanded during the review month, as the rise in total deposits outpaced the growth in credit, while external reserves grew amid foreign currency inflows from reinsurance receipts and to a lesser extent from real sector activities. Read the full report and a presentation by Central Bank here: Monthly Economic and Financial D......

...well as the shift in taxes on real estate transactions, from stamp duty to VAT.” “That being said: We are cautiously optimistic about the forward outlook. We recognize that our decision to provide a wide range of tax concession for the people affected by the Hurricane is going to result in additional foregone revenue in the months ahead. We are satisfied this is the right policy, however, in keeping with our values to put people first and ensure A......

...f documents of incorporation for NewCo; Submission of Business Licence and VAT registration for NewCo; and, Provision by NewCo of information regarding the Board, management and regulatory contacts for NewCo. On 30 June 2016, all of the above formalities having been completed, URCA issued the following licences to NewCo: an Individual Operating Licence (IOL), authorising the operation of an electronic communications network and provision of carria......