Supreme Court refuses stay of $1.275M VAT assessment pending appeal, finding no evidence of irreparable financial harm
NASSAU, BAHAMAS — The Supreme Court has refused an application by Machinery & Energy Limited to stay enforcement of a $1,275,892.02 Value Added Tax (VAT) assessment pending the hearing of its appeal against the Tax Appeal Commission’s decision, ruling that the company failed to establish that immediate payment would cause irreparable financial prejudice. Acting Justice […]
Black News 
NASSAU, BAHAMAS — The Supreme Court has refused an application by Machinery & Energy Limited to stay enforcement of a $1,275,892.02 Value Added Tax (VAT) assessment pending the hearing of its appeal against the Tax Appeal Commission’s decision, ruling that the company failed to establish that immediate payment would cause irreparable financial prejudice. Acting Justice […]
