Business

Devaluation not a reason for raising VAT, says Davis

Stating that this is the worst budget ever brought to the House of Assembly (HOA) in the post-independence era, Cat... read more »

Business

A Closer Look: Evidence of failure

Progressive Liberal Party’s (PLP) Leader Philip Davis said the Ministry of Finance has failed the Bahamian people with its 67... read more »

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Business

Sweet and sour

Bahamians given tax relief on some items but dished a blow of 12% VAT It’s being described as a landmark... read more »

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Business

Opposition outraged at VAT hike, calls it “tax madness”

The Progressive Liberal Party (PLP) has labeled the government’s 2018/2019 budget as a slap in the face to Bahamians who... read more »

Business

A Closer Look: Fiscal responsibility at the core of govt. mandate

Government said it plans to honor its commitment to the Bahamian people that they would enshrine fiscal discipline as a... read more »

Business

A Closer Look: Turnquest says digital economy strategy to help growth

Deputy Prime Minister and Minister of Finance Peter Turnquest said yesterday that he wants the Bahamian economy to become more... read more »

Poll

Should The Bahamas independently review any vaccine approved by PAHO for wide distribution?

  • Yes (72%)
  • No (24%)
  • Unsure (4%)
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Business

A Closer Look: GDP, fiscal performance highlighted in budget

During the tabling of the highly anticipated 2018/2019 Budget Communication in the House of Assembly (HOA), the Free National Movement... read more »

Business

A Closer Look: Ease of doing business remains govt. priority

Deputy Prime Minister and Minister of Finance Peter Turnquest focused a large portion of his 2018-2019 Budget Communication in Parliament... read more »

Business

BREAKING: Gaming houses to see substantial fee increase

As part of three-year fiscal strategy to deal with fiscal pressures and meet financial targets each year, the government is... read more »

Business

BREAKING: VAT increases to 12% beginning July 1

Announcement made this afternoon by Minister of Finance Peter Turnquest during his 2018/2019 Budget Communication. Turnquest said that “the path... read more »

Business

BREAKING: Customs exemption increased from $300 to $500

Bahamian shoppers can add an extra $200 to their lists this season when they travel as Finance Minister Peter Turnquest... read more »

Business

BREAKING: VAT to be waived from residential electricity and water bills

According to Finance Minister Peter Turnquest, value-added tax (VAT) will be waived for all residential electricity bills at or under... read more »

Business

BREAKING: VAT to be removed from bread basket items, medicine, residential property insurance

The announcement came during the 2018/2019 Budget Communication. Deputy Prime Minister Peter Turnquest said that with the exception  of sugar... read more »

Business

BREAKING: Govt. to establish sinking fund for debt relief

The government is establishing a sinking fund with the aim of repaying $39 million in this budget cycle toward the... read more »

Business

BREAKING: Deloitte & Touche Bahamas hired to research new tax initiatives

Finance Minister Peter Turnquest today announced that Delloitte & Touche Bahamas has been hired by the government to come up with... read more »

Business

BREAKING: Govt. wage bill down $120 million

Deputy Prime Minister and Minister of Finance Peter Turnquest said, just moments ago, that as a result of a 10... read more »