The Bahamas Updates VAT Guides
by Mike Godfrey, Lowtax.net, Washington
05 November, 2015
The Bahamas has updated guidance for value-added tax payers, following changes in the 2015/16 Budget.
The Department of Inland Revenue said particular attention had been given to guidance affecting the real estate, tourist shopping, and transportation sectors.
Amendments have also been made to eliminate information from specific guidance for certain industries or on certain topics that is already present in the General VAT Guide.
The Bahamas introduced its new value-added tax regime, featuring a 7.5 percent headline rate, at the start of this year.
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