Mar 27, 2020 | Insight
On 26 March 2020, the Ministry of Finance of The Bahamas announced a 3-month extension to the deadline for economic substance filing for all entities reporting for the fiscal year 2019. Consequently, all entities that are required to make economic substance filings...Mar 22, 2020 | Insight
Further to the Emergency Powers (Covid 19)(No 1) Order issued by the Prime Minister of The Bahamas, which became effective on 20 March and is expected to remain in force until 9 am on Monday 31 March, all establishments, institutions, business, offices, and...Feb 18, 2020 | Insight
This morning the Ministry of Finance of The Bahamas announced that The Bahamas has been completely removed from the EU’s List of Non-Cooperative Jurisdictions for Tax Purposes, having addressed the EU’s concerns on economic substance, removal of preferential...Sep 24, 2019 | Insight
On 18 September 2019, the Central Bank of The Bahamas (“CBOB”) announced that based upon a report from Secura Monde International(“SMI report”), it has submitted a proposal that The Bahamas join such countries as Australia, Canada, and Trinidad and Tobago, in removing...Mar 21, 2019 | Insight
In the case of Cadet Car Rental v Pinder [2019] UKPC 4 (Cadet), the Judicial Committee of Her Majesty’s Privy Council (The Bahamas’ final court of appeal), recently effected a sea-change in Bahamian law and practice regarding the calculation of loss of future earnings...Jun 26, 2018 | Insight
On Friday, 22 June 2018 the Competent Authority of The Bahamas released a list of the jurisdictions with which information will be exchanged further to the Automatic Exchange of Information/Common Reporting Standard. The list can be viewed here or can also... 