Bahamas VAT Deadlines To Change In 2017

The deadline for filing value added tax returns and paying VAT in the Bahamas will change with effect from January 1, 2017.

VAT registered persons must now file their VAT returns and remit the VAT due within 21 days after the end of each tax period in accordance with the Value Added Tax (Amendment) Act 2016.

The Bahamas Department of Inland Revenue has advised that failure to file and make payment on or before the new deadline will result in fines and penalties being assessed.