New initiative launched in the Bahamas to recover outstanding taxes

Business

Chairman of the Government’s Maritime Revenue Enhancement Task Force, Commander Bertram Bowleg, said the weeklong initiative will serve as an educational exercise and offer assistance to business owners who are not complaint with agencies such as the Department of Inland Revenue, Bahamas Customs, the National Insurance Board (NIB) and the Port Department.

“The exercise is geared towards educating business operators in regards to operating a legitimate business. We have business operators who are operating. However, some of them have a step that is missing, ” Bowleg said.

“Either they are not paying NIB for themselves or not paying NIB for their clients. Their Business Licence expired for a couple of years and they can’t get it because they’re not paying Customs duties or not paying NIB.”