[xml][/xml]
The Bahamas Weekly Facebook The Bahamas Weekly Twitter
News : Grand Bahama Last Updated: Feb 13, 2017 - 1:45:37 AM


GBPA opening of VAT training sessions sees double expected attendance
By GBPA
Oct 15, 2014 - 11:24:21 PM

Email this article
 Mobile friendly page

KST_9030.JPG
VAT TRAINING NOW IN SESSION!: The opening session of VAT see double the expected attendance and all licencees are encouraged to confirm their spot on any of the final three days of the conference which ends 17th October.

Freeport, Bahamas - The Grand Bahama Port Authority’s (GBPA) efforts to assist its licencees with pertinent information regarding the fast approaching implementation of VAT received rave reviews, as day one of the four day initiative began today at the Pelican Bay Canal House, with many being asked to roll over to the following day as the room’s capacity was full. Registration for the remaining days are encouraged, as the hosts cannot override the room’s capacity.

Nearly 100 concerned persons from the island’s business sector turned out for advice and practical assistance on the new consumer tax VAT.

GBPA Vice Chairman Sarah St. George praised the event and noted its significance as it relates to the entity’s licencees. “Everyone of us will be impacted by VAT in some form or other. All of this is vital because VAT applied to us here in Freeport will be a bit different to its application elsewhere in The Bahamas. While Freeport should see more exemptions and zero rating, that does not necessarily mean an easier transition"” She said. “So it’s very important that we take the time to follow the consumer tax theory and actual mathematics of VAT. I think that by the end of the week,everyone will have a basic grasp of numbers and software programmes as well as formulated new practical questions. I certainly have".

Keith Worrell, VAT Implementation Unit representative served as one of the event’s key presenters, in which he pointed out what he hopes to achieve within the session. “The purpose of this exercise today is to try to give licencees a clearer understanding about the way in which VAT would impact their business, as well as the role that we expect them to play in the VAT regime,” he said.

VAT Training sessions will continue daily to the end of the week, beginning at 9:30 am each day. Wednesday will focus on the manufacturing and industrial related sectors. Thursday’s segment will focus on businesses within the transport related sectors (both passengers and goods), with sessions wrapping up on Friday, focusing on businesses in the professional services sector.


KST_9012.JPG
VAT FORUM HOSTED BY GBPA: Presenters and hosts take a quick break to pose for a shot at the opening day of the VAT training sessions, hosted by GBPA every day until 17th October of this week.(From Left) Bahabeach Web IT Development Director Chief, Dario Roberts, GBPA Vicechairman, Sarah St.George, Keith Worrell, representative of the VAT Unit, GBPA Business Services Manager LaShawn Dames and GBPA Commercial Manager, Charles Pratt.


Bookmark and Share




© Copyright 2014 by thebahamasweekly.com

Top of Page

Receive our Top Stories



Preview | Powered by CommandBlast

Grand Bahama
Latest Headlines
GBPA Announces Six Senses GB Hotel, Villas & More
GBDRF & SBP Bahamas jointly donate $450,000 to launch new home repair program for Grand Bahama Island
GBPA Launch Freeport Business Portal
The Grand Bahama Port Authority’s GB Ambassador program enables global understanding of Freeport’s rich offerings
Dr. Hamid Seyfi departing Grand Bahama