Legal – VAT

Completed VAT GUIDES

General VAT Guides

	Name	Version Update
	Guidance on VAT Withholding	July 25, 2022
	Guidance for Businesses Qualifying for Tax Credit and Tax Deferral Relief	April 7, 2020
	Procedures for VAT and Stamp Tax on Realty Transactions	July 22, 2019
	The Bahamas General VAT Guide	July 1, 2018
	VAT Guidance on VAT Free Breadbasket and Medication List	Under Construction
	VAT Guidance on the Cash Accounting and Flat Rate Schemes	July 1, 2018
	VAT Guidance on Transitional Arrangements	July 1, 2018
	VAT Guidance on Invoices, Sales Receipts, Credit Notes and Debit Notes	March 17, 2017
	VAT Guidance on Filing Your Quarterly VAT Return	March 17, 2017
	VAT Guidance on Registration	March 17, 2017
	VAT Guidance on Completing VAT Group Registration Form	March 17, 2017
	VAT Guidance on Completing a VAT Return	March 17, 2017
	VAT Guidance on Accounting	March 17, 2017

Industry Specific Guides

	Name	Version Update
	VAT Guidance for Cruise Line Operations & Private Islands	April, 2024
	VAT Guidance on Refund on First Home Construction/Renovation	March 1, 2023
	VAT Guidance on Yacht Charters	July 1, 2022
	VAT Guidance on Cash Accounting Scheme for Law Firms	July 11, 2017
	VAT Guidance on VAT Free Shopping	April 06, 2017
	VAT Guidance on the Transportation of Passengers and Goods	July 1, 2018
	VAT Guidance on Holiday Accommodation and the Tourism Industry	March 17, 2017
	VAT Guidance on Public Entertainment	March 17, 2017
	VAT Guidance on Education Services	March 17, 2017
	VAT Guidance on Medical & Healthcare Services	March 17, 2017
	VAT Guidance on The Treatment of Motor Vehicles	March 17, 2017
	VAT Guidance for Cruise Line Operations	March 17, 2017
	VAT Guidance Construction Industry	July 1, 2018
	VAT Guidance Charities, Clubs and Associations	March 17, 2017
	VAT Guidance Insurance Services In The Bahamas	July 1, 2018
	VAT Guidance on the Hawksbill Creek Agreement	March 17, 2017
	VAT Guidance for the Retail and Wholesale Sectors	July 1, 2018
	VAT Guidance on Land and Property Guide	March 17, 2017
	VAT Guidance on Professional Services	March 17, 2017
	VAT Guidance on Financial Services	March 17, 2017

VAT Act

	Name	Version Update
	VALUE ADDED TAX ACT, 2014	September 19, 2014

VAT Amendments

	Name	Version Update
	Value Added Tax (Amendment) Act, 2023	July 1, 2023
	Value Added Tax Amendment Act 2022	July 1, 2022
	VALUE ADDED TAX (AMENDMENT)(NO. 2) ACT, 2021	December 13, 2021
	VALUE ADDED TAX (AMENDMENT) ACT, 2021	July 1, 2021
	Value Added Tax School Supplies Tax Holiday Order	September 18, 2020
	VALUE ADDED TAX ACT (AMENDMENT)	July 1, 2020
	VALUE ADDED TAX ACT (AMENDMENT)	August 2, 2019
	VALUE ADDED TAX ACT NO2(AMENDMENT)	December 31, 2018
	VALUE ADDED TAX ACT(AMENDMENT)	July 1, 2018
	VALUE ADDED TAX ACT(AMENDMENT)	July 1, 2016
	VALUE ADDED TAX ACT(AMENDMENT)	July 1, 2015

VAT Regulations

	Name	Version Update
	VALUE ADDED TAX REGULATIONS	May 29, 2019
	VALUE ADDED TAX REGULATIONS	May 30, 2018
	VALUE ADDED TAX REGULATIONS	December 1, 2014

VAT Rules

	Name	Version
	VALUE ADDED TAX (SUPPLY OF REAL PROPERTY) (GENERAL) RULES, 2023	2023-3-17
	VALUE ADDED TAX (WITHHOLDING AGENTS) RULES, 2022	2022-7-29
	VALUE ADDED TAX (CHARITABLE AND NONPROFIT) RULES, 2021	2021-4-23
	Gazetted VAT Rules 2019 Supply of Real Property	2019-11-13
	Defining Continuous Journey for International Travel	2018-9-06
	Flat Rate Accounting Scheme	2018-9-06
	Transitional Construction Contract	2018-9-06
	Transitional Hotel Booking	2018-9-06
	Gazetted VAT Rules	2015-9-29
	VAT Rule on Refund of VAT on Consumables Purchased at Designated Ports and Airports	2017-002
	VAT Rule on VAT Free Shopping	2017-001
	Transitional Hotel Booking made in 2014	2014-001
	Charities	2015-002
	Group Registration	2015-004
	Deferral of Import VAT	2015-005
	Requirement of Security	2015-006
	New Business Input Tax Credit	2015-007
	Public Entertainment***Amended Mar 13***	2015-008
	Content of Invoices and Receipts	2015-010
	Flat Rate Accounting Schemes and Requirement	2015-012
	Menu Pricing for Dine-In Establishments	2015-013
	The treatment of Input Tax Credits on Insurance Services	2015-014
	Defining Continuous Journey for International Transport	2015-015
	Apportionment Formula for Financial Institutions	2015-017
	Debit and Credit Notes	2015-018
	Additional Time for the issuance of valid VAT Invoice and VAT Sales Receipts Financial Institutions	2015-019
	Fair Market Value for Employees of Financial Institutions	2015-020
	Treatment of Mandatory Gratuities	2015-022
	Condominium and Homeowner Associations	2015-024
	Passenger Vehicles	2015-011

Advanced Ruling

	Name	Version Update
	Zero Rating of Professional Services	October 31, 2023

VAT Guidance Updates

The Ministry of Finance and the VAT Department continue to incorporate private sector feedback into revision of the VAT guidance notes.  The notes foreshadow the administrative framework for the VAT to ensure that the private sector receives ongoing clarity about the VAT framework. Updates to sector specific guidance notes and the general VAT Guide will do this.

VAT Guidance Updates

	Document Name	Version Update
	Version 1 of Updates
	Version 2 of Updates