The Government’s major tax authority is undertaking a Family Island compliance tour to better educate residents and businesses on the need to pay their due tax obligations and how to do so, it was confirmed yesterday.
He maintained that it is geared towards educating residents on the requirements they must meet for Business Licences, VAT and real property tax rather than an enforcement crackdown that will result in sanctions, goods seizures and company closures.
He said: “We’re visiting these islands to educate persons on what they need to be doing for Business Licence, real property tax, VAT and everything else that we do at the Department.
Source: www.tribune242.com
Latest Posts in "Bahamas"
- Bahamas Introduces VAT Exemptions and Reduced Rates for Food and Essential Goods
- Retailers Urge Swift VAT Solution as Deadline Looms for Uncooked Food Tax Changes
- OECD: VAT on Digital Trade in the Caribbean: Insights from The Bahamas and Barbados
- Food Stores Warn of Compliance Nightmare Over New VAT Exempt Rules for Uncooked Foods
- Exemption of Unprepared Food and Reduced Rates on Essential Goods
