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…
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…
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)…
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The Department of Inland Revenue (DIR) advises education officials and the general public that Value Added Tax (VAT) is no longer applicable to certain fees related to tuition.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…
July11th, 2016 (Nassau, Bahamas) – The public and business owners are reminded that businesses operating without a current business license are doing so illegally. Compliance officers from the Department of Inland Revenue (DIR) will be making checks in the coming weeks and offenders will be dealt with in accordance to the law. The deadline for…
