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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, [12] is a country in North America. It is an island country within the Lucayan Archipelago of the West Indies in the Atlantic Ocean. It contains 97% of the Lucayan Archipelago's land area and 88% of its population. The archipelagic state consists of ...
The Bahamas is a parliamentary constitutional monarchy headed by King Charles III in his role as King of the Bahamas. The politics of The Bahamas takes place within a framework of parliamentary democracy, with a Prime Minister as the Head of Government. The Bahamas is an Independent Country and a member of the Commonwealth of Nations.
Business license. Business licenses are permits issued by government agencies that allow individuals or companies to conduct business within the government's geographical jurisdiction. It is the authorization to start a business issued by the local government. [1] A single jurisdiction often requires multiple licenses that are issued by ...
Government House is the official residence of the governor-general of the Bahamas, located in Nassau. It was built in the colonial days and was the residence of the governor of the Bahamas. It later continued in the role of official residence and office of the governor-general following political independence from the United Kingdom in 1973.
BTC is an initialism for the Bahamas Telecommunications Company and offers telephone, internet and wireless services. In New Providence and Grand Bahama, it operates a GSM based EDGE, HSPA, HSPA+ and LTE network. Dual-class shares are 49% economic shares/49% voting shares of BTC are owned by the Government of the Bahamas, with 49% economic ...
The Parliament of The Bahamas is the bicameral national parliament of the Commonwealth of The Bahamas. The parliament is formally made up of the sovereign (represented by the governor-general ), an appointed Senate, and an elected House of Assembly. It currently sits at the Bahamian Parliament Building in Nassau, the national capital.
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 ...
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