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Bahamas Customs Service. Bahamas Customs & Excise Department is the agency of the Bahamian government responsible for collecting revenue and taxes. It was established on March 21, 1914, by an act of the Bahamian Legislature known as an Act to provide for the establishment of a Customs Department. About 55% to 60% of revenue collected in the ...
Taxation. Taxation in the Bahamas is collected by the Government of the Bahamas. The Bahamas are considered a tax haven given the lack of income tax, capital gains tax, inheritance tax or company tax. [1] Government tax revenue is instead derived from consumption, property and import taxes as well as licence fees. [2]
The Bahamas (/ bəˈhɑːməz / ⓘ bə-HAH-məz), officially the Commonwealth of The Bahamas, [13] is an island country within the Lucayan Archipelago of the Atlantic Ocean. It contains 97% of the Lucayan Archipelago's land area and 88% of its population. The archipelagic country consists of more than 3,000 islands, cays, and islets in the ...
The economy of the Bahamas is dependent upon tourism and offshore banking. The Bahamas is the richest country in the West Indies and is ranked 14th in North America for nominal GDP. [8] It is a stable, developing nation in the Lucayan Archipelago, with a population of 391,232 (2016). Steady growth in tourism receipts and a boom in construction ...
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Website. www .bahamas .gov .bs /finance. The Ministry of Finance is a government ministry of the Bahamas responsible for the care and management of public finances. The development and management of the annual government budget is a major aspect of the ministry's function. [ 1] Since 1984, Prime Minister of the Bahamas has mostly held the ...
Abaco Islands. The Abaco Islands lie in the north of The Bahamas, about 193 miles (167.7 nautical miles or 310.6 km) east of Miami, Florida. The main islands are Great Abaco and Little Abaco, which is just west of Great Abaco's northern tip. [3] There are several smaller barrier cays, of which the northernmost are Walker's Cay and its sister ...
List of Attorneys-General of the Colony of the Bahamas. This is an incomplete listing of Attorneys-General before 1973. William Wylly [2] (1799-1821) Bruce Burnside [3] (1875-1879) [4] William Rees-Davies [5] (c. 1897-1902) Frederick Chester Wells-Durrant [6] (1909-1921) G T Watts (1930 [7] -unknown) John Bowes Griffin [8] (1936-1939)