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The Government of the Bahamas will increase Value Added Tax (VAT) from 7.5% to 12% effective July 1st, 2018. RETAIL Solution will support this change without the need for an update. The rate change will need to be made after the close of business on June 30th and prior to the start of business on July 1st.
For more information or questions about the VAT increase, as relates to RETAIL Solution, please use the support page
The National Insurance Board will be increasing the wage ceiling from $650 to $670 per week / $2,817 to $2,903 per month, effective July 1st, 2018. There will be an update for Payroll Solution to address this increase which will be distributed to all users with active support by mid-June. This update will need to be applied before processing the first pay period in July.
For more information on the increase please visit nib-bahamas.com
For more information on the Payroll Solution update, please use the support page
We would like to take this opportunity to wish you a Merry Christmas, Happy Holidays, and all the best for the New Year!
The office will be closed from Monday, December 25th, 2017 through Monday January 1st, 2018 other than for emergency support.
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