Cable Bahamas, a leading communications provider listed on the Bahamas International Securities Exchange (BISX), has resolved its prolonged tax dispute with the Bahamian government by paying a total of $3.538 million. The settlement, announced by the company’s president and CEO, Franklyn Butler, marks the end of a contentious battle over unpaid Value-Added Tax (VAT) and Business Licence fees. The decision to settle was driven by legal advice indicating that the Department of Inland Revenue (DIR) was likely to prevail in the dispute. The payment includes $2.313 million, which was initially deposited as part of the appeal process, and an additional $1.225 million to ensure compliance post-settlement. Butler emphasized the company’s commitment to being a responsible corporate partner, stating, ‘We’re glad to get that off our plate. The Government is a partner of ours, and we want to pay our fair share of taxes.’ The dispute primarily revolved around VAT on international inbound roaming and call charges, as well as insurance proceeds. Cable Bahamas’ share of the payment amounted to $1.039 million, while its subsidiary, Aliv, accounted for the majority of the settlement at nearly $2.5 million. The company’s financial statements for the year ending June 2025 reflect the settlement, with government and regulatory fees increasing by over $4.45 million year-over-year to $19.197 million. In addition to the tax dispute, Cable Bahamas is negotiating with the Utilities Competition and Regulation Authority (URCA) over a fine related to non-compliance with quality standards for its pay-TV service in 2021. The company has also renewed its operating licenses for its subsidiary, Cable Freeport, for a 15-year period, though its legal battle with URCA over regulatory authority in Freeport continues.