VAT WEEK: Bahamas VAT Implementation Team Coordinator Ishmael Lightbourne and Consultant Pauline Peters discuss the impact of Value-Added Tax in the region, and explain some of the terms like “zero rated” and “VAT exempt”.
They also reveal new details on VAT in The Bahamas, including that commercial rent will be vatable. They feel confident that with the planned aggressive public education campaign, the country will be ready for VAT by July 1, 2014.
We also get their reaction to a surprisingly negative radio ad, sponsored by the DNA, proclaiming that VAT will have dire consequences for The Bahamas.
BEC Executive Chairman Leslie Miller says corporation employees have been “double dipping” on sick pay – getting their full BEC salaries while still claiming one third of their salaries from NIB.
But Electrical Workers Union President Stephano Greene says this is not illegal, and is threatening to take legal action if BEC moves to adjust benefits without union approval. Listeners have mixed views on these developments.
Plus, our VAT inspired “Song of the Week”.
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