Latest Breaking News On - துறை ஆஃப் உள்நாட்டு வருவாய் - Page 1 : comparemela.com

Govt seeking revenue boost from real estate VAT increases Prime Minister Dr. Hubert Minnis delivers the 2021/2022 budget communication in the House of Assembly yesterday. TORRELL GLINTON Approximately $50 million of revenue enhancement measures were announced yesterday by Prime Minister and Minister of Finance Dr. Hubert Minnis, including the government’s aim to generate $31 million from charging value-added tax (VAT) on the full value of vacation rental properties and an additional $4 million from an increase in VAT on luxury real estate transactions. Following amendments to the Value Added Tax Act in 2019, vacation rental marketplaces such as Airbnb began to charge VAT on guest service fees on behalf of host property owners and remit those funds to the government. According to Airbnb, most guests pay a service fee that is under 14.2 percent of the booking subtotal. However, the prime minister said the government’s intention is to have VAT charged on the total value of the

Hubert minnisDepartment of inland revenueCentral bankHouse of assemblyBahamas hotelTourism association robert sandsPrime ministerValue added tax actVacation rentals by ownerInland revenueValue added taxதுறை ஆஃப் உள்நாட்டு வருவாய்மைய வங்கிவீடு ஆஃப் சட்டசபைபஹாமாஸ் ஹோட்டல்ப்ரைம் அமைச்சர்