Bahamas to Introduce V.A.T.September 2013
The Bahamas government has announced introduction of V.A.T. regime starting July 1, 2014.
The standard V.A.T. rate will be 15% with a reduced 10% rate applying to hotel services.
Zero rate will apply inter alia on export, financial services , agriculture and social services.
The threshold for V.A.T. registration will be BSD (Bahamas Dollar ) 50,000.
Bahamas with a land area of 13,943 km2 has a population of about 347,000 people, about 70% of them living in Nassau the capital city.
Note: The information in this site is for general guidance only. Users of this site are advised to take professional advice before taking practical tax decisions.
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