January 19th, 2017 (Nassau, Bahamas) – The Department of Inland Revenue wishes to remind Taxpayers that in accordance with The Financial Administration and Audit (Amendment) Act, 2015 Section 8A, tax payments shall be applied in the following order of priority: Business Licence Act (No. 25 of 2010) Value Added Tax Act, 2014 (No. 32 of…

January 16th, 2017 (Nassau, Bahamas) – The Department of Inland Revenue wishes to remind Taxpayers that under Section 3A of The Business Licence (Amendment) Act 2015, every licencee who fails to make the requisite filings or payments on or before January 31 and March 31 respectively shall be liable to pay the following fees: a)…

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…

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…