VAT Filing & Payment Deadline Changes

Posted on 22-Nov-2016 06:37:37

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) Act, 2016, Section 47, Subsection (1).

Please ensure that all VAT returns are filed and paid by the new deadline of the 21st. Failure to file and make payment on or before the deadline will result in fines and penalties being assessed.

For additional information email us at taxinquiries@bahamas.gov.bs

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