Minister of Economic Affairs Michael Halkitis said yesterday that the government is not interested in “declaring war” on any industry in the country, as lawmakers continue to contend with the insurance sector’s strong opposition to a shift in policy which places on consumers the burden of value-added tax (VAT) on health insurance claims. Health insurers claim this will cause
Minister of Economic Affairs Michael Halkitis yesterday admitted there is “confusion” and “muddied waters” caused by the Department of Inland Revenue’s (DIR) new requirement that all businesses submit a real property tax (RPT) assessment number – even if they are renters – when applying for a business license renewal. The business community – through the Bahamas Chamber
Minister of Economic Affairs Michael Halkitis said yesterday the government is not “deaf” to the concerns raised by members of the Bahamas Petroleum Retailers Association over the issue of margins and said the Davis administration is currently reviewing a proposal by the association. “We are looking at it,” Halkitis said. “Their proposal is that they
Minister of Economic Affairs Michael Halkitis opened the two-day Emerge Grand Bahama Small Business Symposium last week, sharing the government’s willingness to partner with the public and private sectors to promote and develop small businesses. Halkitis said that as November was declared National Micro, Small and Medium-Sized Enterprise Month, particular focus was placed on ingenuity,
Minister of Economic Affairs Michael Halkitis said yesterday that grocers are complying with the government’s expanded price control list, which was introduced to bring relief to Bahamians grappling with inflation. “We have our inspectors in the field,” Halkitis said. “I’m being advised by them that, by and large, there is compliance with the new regulations. They’re