“PLP to blame for blacklisting”, says Symonette

Financial Services Minister Brent Symonette said Monday that members of the former Christie administration “dragged their feet” with important deadlines imposed by the European Union (EU), which he claimed, is ultimately what led to The Bahamas being blacklisted last week. However, he asserted that the issue is “non-political” and that he is focused on getting […]

Airbnb hosts subject to VAT

The Department of Inland Revenue has imposed valued added tax (VAT) on visitors who book rooms online through the home-sharing giant Airbnb, which will mean more revenue for the government, according to Minister of Tourism Dionisio D’Aguilar. The tourism minister, who spoke with Eyewitness News Online outside the House of Assembly Monday said, the tax […]

BGOA nearly doubles civic donation to $7.1 million

Bahamas Gaming Operators Association (BGOA) President Gershan Major yesterday announced the organizations intent to increase its civic and philanthropy donation from $4.1 million to $7.1 million. In a press statement, Major said the additional $3 million will assist the BGOA in executing its planned social initiatives for the year beginning with an ‘Adopt a School’ […]

Bahamians make the most of international trade partnerships

Bahamas Agricultural and Industrial Corporation (BAIC) Executive Chairman Michael Foulkes said, Bahamian companies are taking advantage of opportunities provided by international trade partnerships. While addressing delegates attending the CARIFORUM-EU Economic Partnership Agreement (EPA) at the SuperClubs Breezes Thursday, Foulkes said, The Bahamas is ‘privileged’ to be a part of the CARIFORUM-EU EPA and through BAIC, […]