The Bahamas intends to lower the value-added tax rate from 12 percent to 10 percent, the territory announced in its supplementary 2021/22 Budget, released on October 27.
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Lowtax.net News: Bahamas Announces Various VAT Changes In New Budget
The Bahamas Government has announced various changes to its value-added tax regime in its new Budget, focusing on the real estate sector, including for sharing economy platforms.
Lowtax.net News: Bahamas Announces COVID-19 Tax Reliefs
The Bahamas Department of Inland Revenue has announced a Tax Credit and Tax Deferral Employment Retention Programme, which will benefit businesses with an annual turnover of BSD3m (USD3m) or more and a minimum of 25 non-executive employees.
Lowtax.net News: Progress Being Made On Closing ‚Harmful‘ Tax Regimes: OECD
The OECD has issued another update on jurisdictions‘ progress to amend their preferential tax regimes to remove harmful elements under the OECD base erosion and profit shifting Action Plan minimum standard on harmful tax regimes (Action 5).
Lowtax.net News: Bahamas To Enact Tax Legislation To Adopt International Standards
Representatives from the Bahamas Government have held a number of meetings in Brussels and Paris with the EU’s Code of Conduct Group (business taxation) and the OECD to discuss the territory’s efforts to comply with international standards on tax governance.
Lowtax.net News: Bahamas Issues Guidance On Fiscal Crime Prevention
The Bahamas has published two new guidance documents for financial services firms on the prevention of fiscal crime.
Lowtax.net News: Bahamas To Hike VAT To 12 Percent
The Bahamas Government has announced that it will hike the value-added tax rate from 7.5 percent to 12 percent from July 1, 2018.
Lowtax.net News: Bahamas To Be Removed From EU Tax Blacklist
The Bahamas has welcomed news that it will be removed from the EU’s list of non-cooperative jurisdictions for tax purposes.
Lowtax.net News: Cayman Said To Be Offshore’s Leading Finance Center
The Cayman Islands is the top offshore financial center, according to the latest Global Financial Centres Index, published biannually by the City of London think tank Z/Yen.
Lowtax.net News: Bahamas Regulator Issues New Securities Policies
The Securities Commission of the Bahamas has published three new policies on its website clarifying its position on various aspects of securities laws and the Financial and Corporate Service Providers Act.