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28 June 2018

Bahamian Department of Inland Revenue releases VAT guides

The Department of Inland Revenue in the Bahamas has released a number of general and industry specific value added tax (VAT) guides to the public. These include the Bahamas General VAT Guide, Transitional Arrangements, guidance on Insurance Services, Construction, Retail & Wholesale Sectors, Cash Accounting & Flat Rate Schemes and Transportation of Goods & Passengers. The purpose of the guides is to provide additional clarity on the updates to the VAT Act and outline the transitional provisions.

An Indirect Tax Services group Alert, attached below, provides additional details.

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ATTACHMENT

Document ID: 2018-1320

 

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