Ministry of Finance and Customs Department Publish Details of Transitional Bonded Warehouses for VAT

Authored by: Ministry of Finance Source: Ministry of Finance Date: September 23, 2014 Bahamas Customs Department – Transitional Provisions Details of the transitional warehousing arrangements to allow VAT registered businesses to take advantage of the reduction in Customs duties that take effect on January 1st 2015 were released on the Ministry of Finance’s website today….

Financial Secretary affirms VAT Guide explanation of exclusion VAT on sales of goods amongst licensees of the Grand Bahama Port Authority

Authored by: Ministry of Finance Source: Ministry of Finance Date: September 10, 2014 In a presentation to the Grand Bahama Chamber of Commerce on September 10, the Financial Secretary stated that sales of goods between licensees of the Grand Bahama Port Authority would be  subject to VAT and that VAT would only be excluded based…

Ministry of Finance Updates general VAT Guide and issues Guidance on Transitional Arrangements

Authored by: Ministry of Finance Source: Ministry of Finance Date: September 6, 2014 The Bahamas VAT Guide The Bahamas VAT Guidance – Transitional Arrangements On September 6, the Ministry of Finance issued the VAT Guidance on Transitional Arrangements and a slightly updated version of the general Bahamas VAT Guide.  The transitional arrangements provide information on…