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Heavily in Debt, Grenadian government forges ahead with year-long TAX AMNESTY

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By Shanieka Smith

Staff Writer

 

#Grenada, December 8, 2022 – With over $600 million in tax debt, the government of Grenada has announced a year-long tax amnesty starting January 2023.  Prime Minister and Finance Minister Dickon Mitchell said the amnesty will forego all interest and penalties for the total arrears as far as December 2021.

Mitchell said “many of us have not been paying our fair share” and a change needs to be made in order to prevent any further increase in debt.

“To halt the further accumulation of arrears, all arrears for 2022 onwards will be strictly enforced pursuant to the Tax Administration Act, including the requirement of tax clearance certificates to travel, to access loans from financial institutions, garnishees, et cetera,” he added.

Mitchell noted that efficiency is important in maintaining a good tax system.  He said the government will make strides to improve the current system by simplifying it and reducing the number of taxes.

In the coming year, the Inland Revenue Department (IRD) will also conduct property revaluation, which will allow for a more growth-friendly tax system.

“The IRD will implement a pilot that will allow public officers to pay their property taxes through monthly deductions,” Mitchell said, adding that private sector firms will also be included.

All revenues from the Citizenship by Investment (CBI) program will be identified as non-tax revenue as of January 2023.  According to Mitchell, the CBI and Residency by Investment (RBI) programs are a $29 billion industry that largely contributes to the country’s economy.

Mitchell said that strengthening the CBI and National Transformation Fund programs is a major goal for 2023, and this will require continued partnerships with entities such as the United States and European Union.  He added that the newly implemented measures will ensure the transparency and sustainability of the program.

Caribbean News

Barbados to Host 41st Caribbean Travel Marketplace this Spring

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By Sherrica Thompson

Staff Writer

 

 

#Barbados, February 2, 2023 – Barbados has been selected to host the 41st edition of the Caribbean Hotel and Tourism Association’s (CHTA) Caribbean Travel Marketplace. The event will be held at the Lloyd Erskine Sandiford Centre in Bridgetown from May 9 -11, and it is expected to build on the success of the 40th staging held in Puerto Rico last fall.

CHTA President Nicola Madden-Greig, who made the announcement recently, said it’s the first time in the organization’s history that the association’s largest annual event, which brings together buyers and sellers of the region’s tourism products and services, will be staged in Barbados.

“CHTA has a very strong relationship with both public and private sector stakeholders in Barbados, and as we position the region’s top earner for robust growth this year, we are delighted to lock arms with our Bajan partners to drive business to the Caribbean,” she stated.

Noting that: “This year’s Marketplace will also provide unique access to the Eastern Caribbean for buyers and tour operators as the region places a strong focus on the revival of multi-destination travel.”

Minister of Tourism and International Transport of Barbados Ian Gooding-Edghill, said the Barbados tourism industry was undergoing a major renaissance in the post-COVID environment, and the timing could not be better to welcome Caribbean Travel Marketplace to local soil.

“We are honoured to host such a preeminent gathering of tourism stakeholders from around the world,”  Minister Gooding-Edghill said, noting that the meeting aligns with Barbados’ value offerings, which appeal, among others, to the very important MICE [Meetings, Incentives, Conferences and Exhibitions] market.

The launch of the first Caribbean Travel Forum & Awards, a highlight of the Puerto Rico meeting, will return for a second edition and will be held in Barbados on Tuesday, May 9, 2023, ahead of the official opening ceremony of Caribbean Travel Marketplace.

The Forum will also focus on the business of tourism, and business appointments will be conducted on Wednesday, May 10 and Thursday, May 11.

Over 150 delegates, including Ministers of Tourism and key private sector leaders, engaged in the Caribbean Travel Forum last year.

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Bahamas News

National Food Policy to be created in the Bahamas

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By Shanieka Smith

Staff Writer

 

 

#TheBahamas, February 2, 2023 – A new initiative by the Ministry of Agriculture, Marine Resources and Family Island Affairs in the Bahamas will see the creation of a National Food Policy geared towards ensuring food security on the island.

“This agricultural policy would encompass a holistic approach and incorporate regulations, legislation, and other aspects to assist the farmers who have not really gotten the attention they deserve for a long time,” said the Minister of Agriculture, Marine Resources and Family Island Affairs, Hon. Clay Sweeting.

Other initiatives within the agriculture sector will also be implemented, such as the digitalization of applications and forms, which will make farming more efficient.

Clay said, “we have already digitalized for the most part the Department of Marine Resources and soon we will unveil new services such as dog licences, import permits, and other services needed for a successful agricultural sector.”

The construction of the Cultivation Centres (TCC) in Eleuthera and New Providence with produce exchange, food processing kitchens and farm stores will continue.

Sweeting said he hopes these initiatives will help to decrease the country’s yearly $1 billion food import bill.

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Caribbean News

Guyana secures cryotherapy machines to help fight cervical cancer

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By Sherrica Thompson

Staff Writer

 

 

#Guyana, February 2, 2023 – Guyana will see a significant boost to its healthcare system soon as the health ministry has acquired 20 cryotherapy machines to help treat and prevent cervical cancer, the second most prevalent cancer among women in the country.

Cryotherapy, also known as cold therapy, involves cooling the body’s tissues for therapeutic purposes and removing the abnormal tissue. This type of therapy is also used to treat many skin conditions and some cancers, including prostate, cervical and liver cancer.

The Health Ministry said the machines will help clear the backlog of patients needing such treatment.

Director of the Non-Communicable Diseases Programme of the Health Ministry, Dr. Latchmie Lall, said the equipment will be very instrumental in providing immediate service to patients.

“We are indeed very thankful for this donation of cryotherapy machines that were brought through the IDB project; a total of 20 machines that are going to be used to improve our screening services for cervical cancer; this will come as a great measure for not only screening but to provide immediate medical treatment in that if we do find a pathological cervix, cryotherapy can be applied immediately, and we have one healthy patient going back home to her family,” Dr. Lall said.

Director of Primary Healthcare Services, Dr. Ertensia Hamilton, said the equipment comes at an opportune time when the ministry is extending its services for women of reproductive age across the country.

“We recognise that Guyana still has a high incidence of cervical cancer in our women, and so we want to be able to have services available to them as we work towards ensuring that each individual across their life course has services to meet their medical needs,” she said.

Minister of Health Dr. Frank Anthony, during his comment, revealed that Guyana is trying to develop a comprehensive programme for cervical cancer.

“One of the things that we are trying to do is to have a comprehensive cervical cancer programme. The first level will be to prevent cervical cancer. We want to do that by encouraging people to get the HPV vaccination. We have these vaccines available. We have been rolling them out to ensure that every person eligible for these vaccines gets them.”

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