So I guess child abuse is not a crime in the Bahamas. Yesterday they said ALL crimes except murder were down..............things that make you go hmmmm.
Oh- well do not get used to it. Don't forget that many businesses had inventory purchased before VAT implementation ( meaning no VAT input credit due). Most businesses purchased for the 2014 holiday season prior to VAT so they then had an inventory load to sell with no VAT credit due (all VAT to gov). All subsequent filings will not have that same GOV surplus. So, unless there is an increase in public spending (not likely) Gov. VAT revenue will go down. Unless the economy grows VAT revenue will decrease.
It will be a nightmare. For the second time I have been contacted by NIB saying that I did not make contributions on my previous business for dates ranging from 2005-2014. Of course I did make those payments, but they come at me like a criminal. Tell me I have 7 days to make payments or proof of payment. When I closed the business I got a letter of good standing from NIB! So I asked the lady 'who stole my contributions?' She said I cannot assume that. I said ok, if they didn't steal it then 'who is the idiot in bookkeeping?' My attic will be full of this paper for the rest of my life as I am sure this will happen again.
lionfish says...
So child abuse is not a crime, eh?
http://www.tribune242.com/news/2015/jun…
On Police chief: All crime down except murder
Posted 11 June 2015, 8:15 p.m. Suggest removal
lionfish says...
So I guess child abuse is not a crime in the Bahamas. Yesterday they said ALL crimes except murder were down..............things that make you go hmmmm.
On Child abuse up by 22% in the Bahamas last year
Posted 11 June 2015, 8:13 p.m. Suggest removal
lionfish says...
Oh- well do not get used to it. Don't forget that many businesses had inventory purchased before VAT implementation ( meaning no VAT input credit due). Most businesses purchased for the 2014 holiday season prior to VAT so they then had an inventory load to sell with no VAT credit due (all VAT to gov). All subsequent filings will not have that same GOV surplus. So, unless there is an increase in public spending (not likely) Gov. VAT revenue will go down.
Unless the economy grows VAT revenue will decrease.
On $110m collected in VAT in first three months
Posted 28 May 2015, 9:30 p.m. Suggest removal
lionfish says...
And you need both spelling and grammar lessons.
On Nearly 1,000 job seekers queue outside Sandals Resort
Posted 20 February 2015, 5:16 a.m. Suggest removal
lionfish says...
I have an idea..... If we just charge Christie for every superfluous word that he uses-- No need for taxes!
On Christie remains optimistic over new tax
Posted 2 January 2015, 10:10 p.m. Suggest removal
lionfish says...
The two Texas nurses contracted it inside the United States. It was contained, but just saying....
On Training under way on Ebola protective equipment
Posted 25 October 2014, 3:18 p.m. Suggest removal
lionfish says...
Sad thing is the private sector is only put out by the compliance and bookkeeping. The general public is forking over the money.
On FNM angry over 'rushed' passing of VAT
Posted 23 August 2014, 8:14 a.m. Suggest removal
lionfish says...
It will be a nightmare. For the second time I have been contacted by NIB saying that I did not make contributions on my previous business for dates ranging from 2005-2014. Of course I did make those payments, but they come at me like a criminal. Tell me I have 7 days to make payments or proof of payment. When I closed the business I got a letter of good standing from NIB! So I asked the lady 'who stole my contributions?' She said I cannot assume that. I said ok, if they didn't steal it then 'who is the idiot in bookkeeping?' My attic will be full of this paper for the rest of my life as I am sure this will happen again.
On FNM angry over 'rushed' passing of VAT
Posted 23 August 2014, 8:10 a.m. Suggest removal
lionfish says...
Sounds like you pay VAT on the transaction fee not dollar amount.
On 'Don't bite more than we can chew' with website VAT
Posted 30 July 2014, 10:14 p.m. Suggest removal
lionfish says...
They just said VAT on gratuities!!! Holy Cow- they are insane@!
On 'Don't bite more than we can chew' with website VAT
Posted 30 July 2014, 10:13 p.m. Suggest removal