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Bahamas Issues New VAT Guidance For Realtors

by Mike Godfrey, Lowtax.net, Washington
06 July, 2015

The Bahamas Value-Added Tax Department has released a new VAT Guide on the tax rules concerning real estate.

According to the Government, the guide, "VAT Rules #2015-025 – Real Estate," should be read alongside the main VAT Act 2014 and regulations. It has invited feedback on the rules, which are available on the VAT Department's website.

Bahamas introduced a new value-added tax regime, featuring a 7.5 percent headline rate, from January 1, 2015. The Government has released industry-specific guides, as well as guidance on the completion of VAT returns and transitional arrangements.

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