Department Publishes Updated VAT Guidance Notes

Posted on: November 1, 2015

November 1st, 2015 (Nassau, Bahamas) – The Department of Inland Revenue wishes to advise the public that it has released updated VAT Guidance Notes to be read in conjunction with the VAT Act 2014 and Regulations 2014. The updates were done as some of the information relevant to all of the guides have been revised.

The updates are aligned with amendments made to the VAT Act during the 2015/2016 Budget Communication, and continued interaction with the public. Particular attention was given to revisions affecting the real estate sector, tourist shopping and transportation.

Amendments have also been made to eliminate repetitive information from sector and subject guides that are already presented in The Bahamas General VAT Guide.

The public is further advised that they can continue to view the guidance notes on the government’s website at

For more information,
You can email or

The Department of Inland Revenue
Toll free at (242) 225-7280 or (242) 461-8050.

All News

Real Property Tax Notice of Assessment 2020

In accordance with the Real Property Tax Act, Chapter 375 as amended, the Chief Valuation Officer has hereby given the 2020 RPT Notice Click the link below to see the Real Property Tax Notice 2020.  

Advisory Regarding VAT Payments on Insurance Claims

Department of Inland Revenue’s Advisory regarding VAT Payments on Insurance Claims The Department of Inland Revenue advises the general public that VAT is not charged on insurance claims. Click link below for full press release Press Release – VAT on Insurance

VAT Filing Extension & Business Licence Suspension (Abaco & Grand Bahama)

In the aftermath of Hurricane Dorian, The Department of Inland Revenue wishes to advise all VAT registrants operating businesses on Abaco, the Abaco Cays and/or Grand Bahama that the filing of VAT returns due September 21, 2019 and October 21, 2019 have now been extended until November 30, 2019; for businesses requiring an extension. Click the link below for full…

New Year to bring several ‘ease of doing business’ reforms for starting a new business

The Ministry of Finance will roll out a provisional business license in the New Year to significantly reduce the time it takes to start a new business. This addition was approved by Parliament during the 2018/2019 budget exercise, and will be implemented by the Department of Inland Revenue in the first quarter of 2019. Click…

Inland Revenue Open on Saturdays in January

The Department of Inland Revenue is opening its Client Services Centre on Saturdays for the month of January to support businesses applying for business licence renewals. Click the link below for the full Press Release Press Release – Inland Revenue open on Saturdays in January