value added tax: Bahamas Real Estate | THE FINANCIAL IMPACT OF V.A.T – By Raymond Antonio - 10/31/13 11:50 PM
Since the announcement by the Prime Minister of the implementation of Value Added Tax (VAT) in the budget year beginning July 2014, the Ministry of Finance has embarked on a public relations tour, spreading the news around New Providence and several Family Islands.  One would have expected, with the roll-out of this new tax within the next nine months that specific details would have, by this time, been provided to the business community.
Although VAT is a tax ultimately burdened upon the consumer, it is the business community which will be saddled with the enormous burden of collection and remitting taxes.  … (1 comments)

value added tax: Bahamas Real Estate | VAT - 10/31/13 11:49 PM
The VAT, Value Added Tax, system is set to be implemented on July 1st, 2014. Essentially, all consumers will be paying an extra 15% on everything. Although this taxation system is centered on a collection and remitted process at each stage of production, in the end, the consumer is left with a higher cost of living. We are ALL consumers here.
The Government’s reasoning for the VAT is to return to Fiscal Sustainability because The Bahamas has been in a longstanding structural primary fiscal deficit. What this means is that the government has been borrowing to pay the interest that they … (0 comments)

value added tax: Bahamas Real Estate | Mario Carey’s Opinion about VAT - 10/18/13 04:47 AM
Mario Carey, CEO of Mario Carey Realty, gives his opinion on how the new Value Added Tax (VAT) system is going to affect the The Bahamas’ economy and real estate market. 

 

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value added tax: Bahamas Real Estate | How Will VAT Affect Our Real Estate Industry? -By Tristan White - 10/09/13 01:03 AM
As many of you may know, the Bahamian government is looking to implement VAT (Value Added Tax) on July 1st of next year to broaden the tax base. What is VAT? Put simply, value added tax is a form of consumption tax. Many people are against this whole idea; quite frankly, I agree with them. If we look at our neighbors, St. Kitts and St. Lucia, we see the VAT negatively affected their economies, by essentially increasing their cost of living by 15%. Today, my question is, how will this VAT affect our real estate industry?
  Luckily, there is some good … (0 comments)

 
Mario Carey (Mario Carey Realty)

Mario Carey

Autaugaville, AL

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Mario Carey Realty

Address: 1 Bay & Deveaux Street, Suite 720 - Nassau, Bahamas, P.O. Box CR-56766

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