Authored by: Value Added Tax Department Source: Ministry of Finance Date: July 14, 2015 FOR IMMEDIATE RELEASE New Tax Free Shopping Scheme Takes Effect for Tourists in August The Value Added Tax (VAT) Department has announced that the VAT Free Shopping Scheme will take effect on August 15th, 2015.  As a result, the VAT and…

Authored by: Department of Inland Revenue Source: Department of Inland Revenue Date: July 7, 2015 FOR IMMEDIATE RELEASE Department of Inland Revenue Moving To Carmichael Road July 7th , 2015 (Nassau, Bahamas) –The Ministry of Finance  advises the public of the merger and new location of the Business Licence, Real Property, Excise Tax, First Home…

Authored by: Value Added Tax Department Source: Value Added Tax Department Date: July 2, 2015 FOR IMMEDIATE RELEASE The Value Added Tax (VAT) Department will be hosting another series of free workshops for small business owners from July 13th-24th. These workshops are geared towards assisting quarterly fillers with filing VAT returns and making payments and…

Authored by: Value Added Tax Department Source: Value Added Tax Department Date: July 2, 2015 FOR IMMEDIATE RELEASE Procedures for Stamping Documents and Payment of Value Added Tax on Transactions The Value Added Tax (Amendment) Act 2015 has made leases of land and purchases of land subject to the payment of Value Added Tax (VAT)….

Authored by: Value Added Tax Department Source: Ministry of Finance Date: July 1, 2015 FOR IMMEDIATE RELEASE The Value Added Tax (VAT) Department of the Ministry of Finance has released the VAT Rules as it relates to Real Estate. The public is advised that the rules are to be read in conjunction with the VAT…