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CDA approves modifications to Ocean Vista’s QC

The Commonwealth Development Authority board has denied Ocean Vista Resort’s request for excise tax relief but approved other modifications to the resort’s qualifying certificate. In their original qualifying certificate application, the resort proposed a tax relief on excise tax...
Posted On Jul 31 2015 06:00
, By Dennis B. Chan

Ocean Vista QC approved; another’s QC is suspended

Gov. Eloy Inos has signed off on the suspension of Laolao Bay Golf Resort’s qualifying certificate, while also approving this certificate, which provides tax relief for investors, for Ocean Vista Resort. According to the Commonwealth Development Authority QC analyst Carline...
Posted On May 20 2015 04:00
, By Dennis B. Chan

CDA has vetted recent Senate QC bill

The Commonwealth Development Authority said last week their recommendations to a recently passed Senate bill allowing qualifying certificates for hotel-casinos on Tinian and Rota were met. CDA oversees the qualifying certificate program in the CNMI. CDA executive director Manuel...
Posted On May 19 2015 04:00
, By Dennis B. Chan

CDA is finalizing report on ‘net effect’ of QC program

The Commonwealth Development Authority is finalizing a historical evaluation of the CNMI’s qualifying certificate program since it was initiated in 2001. This report will compare the amount of tax relief provided to QC holders versus the amount of capital and benefits they have...
Posted On May 19 2015 04:00
, By Dennis B. Chan
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