Businesses that have been de-registered or approved for cancellation of VAT must cease to collect VAT.

Authored by: Value Added Tax Department Source: Ministry of Finance Date: May 12, 2015 FOR IMMEDIATE RELEASE The Value Added Tax (VAT) Department would like to advise taxpayers who have been de-registered or received approval to cancel VAT to remove their VAT certificates from their establishments. Businesses that have been de-registered or approved for cancellation…

Flat Rate Accounting Scheme for the quarter ending March 31st, 2015

Authored by: Ministry of Finance Source: Value Added tax Department Date: April 22, 2015 FOR IMMEDIATE RELEASE The Value Added Tax (VAT) Department of the Ministry of Finance wants to advise quarterly taxpayers wishing to be placed under the Flat Rate Accounting Scheme for the quarter ending March 31st, 2015, that they should submit their…

Business Licence Renewals Due

Authored by: Business Licence Department Source: Department of Inland Revenue Date: March 19, 2015 FOR IMMEDIATE RELEASE Business Licence Renewals Due March 19th, 2015 (Nassau, Bahamas) – Business owners are advised that the deadline to submit their application to renew their business licences has past. According to section 3 of the Business Licence (Amendment) Act…