Important Real Property Tax Updates

Jan 16, 2017 | Insight

If you own real property in The Bahamas, you should be receiving your Real Property Tax Notice of Assessment for 2017 shortly, if you have not received it already. Please note that it is the duty of each property owner to ensure that he receives a Notice of...

Impact of VAT on Real Estate Transactions in The Bahamas

Nov 12, 2015 | Insight

There have been a number of legislative changes in 2014/15, one of the most significant being the implementation of Value Added Tax (“VAT”). VAT is a form of indirect consumption tax charged on the supply of goods and services. This article will explore the impact of...

VAT – Post Implementation – What to look out for

Jan 19, 2015 | Insight, Yolande

According to where you were, at the stroke of midnight on the 1st of January 2015, Value Added Tax (“VAT”) of 7.5% should have appeared on your receipt. VAT reared its dreadful head despite numerous protests from critics and lingering questions from businesses and...