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Ease of doing business reform to enhance compliance and enforcement of 4 percent charter fee requirement
NASSAU, BAHAMAS The Ministry of Finance concluded an agreement with the OMNI Financial Group and the Association of Bahamas Marinas (ABM) to launch a digital payment solution for the collection of charter fees from mega yachts and other charter operators in The Bahamas.
Minister of State for Finance Kwasi Thompson said: “This development is extremely significant as we have traditionally seen a lot of revenue leakage in the charter operator space.
Kwasi Thompson.
“As a government, we are strengthening our enforcement mechanisms while we are also enhancing the ease of doing business. Now, charter operators have no excuse. We have a convenient online solution for the payment of fees due to the government for their commercial operations in our waters.