The draft rules reflect the Comptroller’s position on the administration and enforcement of the law relating to VAT Free Shopping.

FOR IMMEDIATE RELEASE

The Value Added Tax (VAT) Department has released the Draft VAT Rules as it relates to changes in the VAT Free Shopping scheme. The public is advised that the rules are to be read in conjunction with the VAT Act 2014 and Regulations 2014 and to provide feedback to the department if they deem necessary.  New rules are to take effect in mid-August.

The draft rules reflect the Comptroller’s position on the administration and enforcement of the law relating to VAT Free Shopping and are applicable to those VAT Registrants who are approved to conduct sales with tourists.

The public is further advised that they can view the draft VAT Free Shopping Rules as well as other sector rules on the government’s website at www.bahamas.gov.bs/VAT.  

For more information contact the VAT Department at vat@bahamas.gov.bs or call VAT Client Services at (242)-225-7280

July 14^th, 2015