The Ministry of Finance has released  its Green Paper on Corporate Income Tax (CIT) Strategies for The Bahamas for public consultation. 

According to the Minister of Finance, the goals of the government are two fold: (i) transitioning away from the current business license tax regime and replacing it with a more equitable corporate tax system that is aligned with international best practices and (ii) implementing changes to address the requirements of the Organization for Economic Cooperation and Development related to Pillar Two of its international tax reforms. The government now seeks to lay out its case and obtain stakeholder feedback.

Responses are requested to be submitted by July 3, 2023. Read the Green Paper and instructions for submitting a response at