Real Property Tax Notice for 2017

In accordance with the Real Property Tax Act, Chapter 375 as amended, the Chief Valuation Officer hereby gives notice:- (a) that copies of the assessment lists are available as required by Section 7 subsection 7 of the Act, and may be inspected at the Office of the Chief Valuation Officer: (b) that a notice of…

Ministry of Finance Announces Operation Enhancement Measures

January 9th, 2017 (Nassau, Bahamas) – The Ministry of Finance is committed to ensuring that Tax Compliance is an integral part of its Revenue Management Plan. MOF announced today that it has established a project team charged with the responsibility to address non-compliance with the tax and Customs laws in The Bahamas.  The work of…

DIR Announces Operation Enhancement Measures

January 9th, 2017 (Nassau, Bahamas) – The Department of Inland Revenue is embarking on operation enhancement measures, designed to facilitate a more efficient process of tax compliance, while improving the customer experience. The changes which seek to encourage the use of the department’s online platforms, focus primarily on payment methods and compliance dead-lines. Effective January…

VAT Filing & Payment Deadline Changes

The Department of Inland Revenue wishes to advise all taxpayers that effective January 1st, 2017 the deadline for VAT Filing and payment will change. Registrants must now file their VAT returns and remit the VAT due within twenty-one (21) days after the end of each tax period in accordance with the Value Added Tax (Amendment)…

DIR Advises No VAT on Ancillary Education Fees

August 21st, 2016 (Nassau, Bahamas) – The Department of Inland Revenue (DIR) advises education officials and the general public that Value Added Tax (VAT) is no longer applicable to certain fees related to tuition. The removal of VAT from educational ancilliary fees came into effect on July 1st, 2016 following the 2016/2017 Budget Communication. Ancillary…