Bahamas VAT Unit Officer, Keith Worrell hosted a VAT Education Seminar on Thursday, January 8 at the Gerald Bartlett Complex.
Royal Bahamas Police Force (RBPF) Assistant Commissioner of Police Emrick Seymour along with the Northern Bahamas Senior Command, which includes Abaco and Bimini, participated in the seminar to garner a clear understanding of VAT rules and regulations.
Implemented by the Bahamas Government on January 1, 2015, VAT is a new broad-based consumption tax applied to imports as well as goods and services supplied in the domestic economy of The Bahamas at a rate of 7.5 percent that is expected to provide a stable source of revenue and support the broader strategy to reduce the governmentâ s debt burden freeing up more resources to spend on basic services such as police protection, education, medical facilities and social services.
According to ACP Seymour, "Today we are elated that VAT Unit has consented to host an educational seminar with our senior command that is being simulcast in Abaco and Bimini.
" As you know, certain aspects of VAT have law enforcement components, which at some point RBPF officers would be expected to administer therefore, the dissemination of information provided by Mr. Worrell as it regards its rules and regulations associated with this consumer taxation is essential to us."
Revealing this is the first time the Royal Bahamas Police Force has engaged in a seminar with the VAT Unit, ACP Seymour noted he pleased to be leading the charge due to the law enforcement perspective associated with it.
" The Royal Bahamas Police Force is the Commonwealth of The Bahamasâ chief law enforcement agency and we must ensure all laws are strictly enforced that also includes those with VAT.
" Officers are also consumers so we are excited to receive as much information as possible not only to assist us in executing our duties but also to help our households.
" Personally, I am much more informed on the whole process of VAT and all Bahamians whether we like it or not must get with the program as it is here to stay," said ACP Seymour.
More VAT Education Seminars are expected to be held throughout the country within all ranks of the Royal Bahamas Police Force and ACP Seymour said his officers looked forward to the opportunity to be enlightened by Worrell and the VAT Unit in the not too distant future.
Published Friday, January 9, 2015