VAT Rules

Authored by: VAT Department Source: VAT Department Date: December 22, 2014 The Value Added Tax (VAT) Department of the Ministry of Finance has released for public dissemination, the VAT Rules in draft form to be read in conjunction with the VAT Act 2014 Act and Regulations 2014. The public is further advised that they can…

VAT Department Preparing Revised Guide– Important Updates for Financial Services, Real Estate and Tourism

Authored by: Bahamas Information Services Source: Bahamas Information Services Date: November 16, 2014 The Ministry of Finance and the VAT Department continue to incorporate private sector feedback into revision of the VAT guidance notes.  The notes foreshadow the administrative framework for the VAT.  “We want to ensure that the private sector receives ongoing clarity about…