CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Bahamas Releases Video On VAT Accounting

Bahamas Releases Video On VAT Accounting

by Mike Godfrey, Tax-News.com, Washington

06 March 2015


The Bahamas Value-Added Tax Department has released a short video to assist VAT registrants with the accounting process, following the introduction of value-added tax (VAT) at the start of this year.

The short video, "Accounting for VAT," is intended to provide taxpayers with the information necessary to account for VAT in preparation for the return filing period. The video is intended to be viewed in conjunction with the Department's video "How To File A Return."

The video features a flow chart explaining the VAT accounting process, with samples of input and output tax worksheets, and examples of a VAT account, a VAT return form, a tax invoice, and receipts. It also provides information on working papers that have been released to assist with the completion of the return filing process.

The filing deadline for those taxpayers with a turnover exceed BSD5m (USD5m) was on March 2, and the deadline for those with a turnover below this threshold is April 28.

TAGS: compliance | VAT tax authority guidance | tax | value added tax (VAT) | Bahamas | accounting | tax authority | VAT compliance matters | Tax

To see today's news, click here.

Leave a comment

Read our Posting Guidelines

 






Close

Password Reminder

Please enter your email address to receive a password reminder.

 






Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Tax-News+ Updates

Receive FREE daily updates from Tax-News.com, straight to your inbox. Register Now!

For a tailored solution, choose to receive selected news updates for your preferred jurisdictions and topics, with our enhanced Tax-News+ subscriber service. Read more...

 

Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »