30 Businesses Registered For VAT

Authored by: Sasha L. Lightbourne Source: Ministry of Finance Date: October 13, 2014 Just over 30 companies have registered online for Value Added Tax (VAT) since the online registration was launched earlier this week. The system was launched on October 13th and it is expected that all businesses meeting the taxable sales of $100,000 or…

Government To Be Flexible About Pricing Display During The Onset Of Vat

Authored by: Ministry of Finance Source: Ministry of Finance Date: September 29, 2014 The Ministry of Finance announced there will be some leniency with pricing display during the early days of the VAT. This statement comes after retail businesses voiced concerns about the amount of effort that will be required to change all display prices…

Ministry of Finance says Registration is moving Ahead for Customs Virtual Warehouses, VAT Act sent for Gazetting

Authored by: Ministry of Finance Source: Ministry of Finance Date: September 25, 2014 Commercial importers are encouraged to begin to submit their applications for the VAT transitional virtual warehouse arrangements. Applications for the warehousing privilege must be submitted by October 15. A spokesperson for the Ministry of Finance stressed that “there should be no concerns…