Free National Movement Members of Parliament forming the new Government of the Commonwealth of The Bahamas were sworn in as Cabinet Ministers by Governor General Her Excellency Dame Marguerite Pindling at Government House on Monday, May 15, 2017
New Cabinet Sworn In by the Governor General
Posted on: May 16, 2017
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New Year to bring several ‘ease of doing business’ reforms for starting a new business
The Ministry of Finance will roll out a provisional business license in the New Year to significantly reduce the time it takes to start a new business. This addition was approved by Parliament during the 2018/2019 budget exercise, and will be implemented by the Department of Inland Revenue in the first quarter of 2019. Click…
Inland Revenue Open on Saturdays in January
The Department of Inland Revenue is opening its Client Services Centre on Saturdays for the month of January to support businesses applying for business licence renewals. Click the link below for the full Press Release Press Release – Inland Revenue open on Saturdays in January
The Ministry of Finance’s VAT Zero Rating on Breadbasket Items
PRESS RELEASE Breadbasket Items In an official statement released to the media on July 24, 2018 Deputy Prime Minister and Minister of Finance, The Hon. K. Peter Turnquest reiterated that VAT will be removed from all Breadbasket items effective August 1, 2018.
The Ministry of Finance’s VAT Zero Rating on Medication
PRESS RELEASE VAT-Free MEDICATION Deputy Prime Minister and Minister of Finance, The Hon. K. Peter Turnquest announced in an official statement on July 24, 2018 that consumers stand to benefit from the Government’s policy on VAT- Free medication which will come into effect August 01, 2018. All prescription and most over-the-counter medication will now be…
M.P. Hon, K. Peter Turnquest Appointed Minister of Finance by the Governor General
K. Peter Turnquest was appointed Minister of Finance by Governor General Her Excellency Dame Marguerite Pindling during a brief ceremony at Government House, Friday, May 12, 2017. Read More… (BIS Photo/Letisha Henderson)
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