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The Bahamas' 2017 Budget included an increase to customs and excise duty rates, the business license tax, and the introduction of electronic customs processes. Read Full Story
The Bahamas Government says it will sign up to the OECD's Multilateral Convention on Mutual Administrative Assistance in Tax Matters, joining 111 jurisdictions currently participating in the Convention. Read Full Story
Caribbean Community member states have benefitted from the introduction of value-added taxes, but more reform is needed, says a new paper from the International Monetary Fund. Read Full Story
The Bahamas Department of Inland Revenue has reminded taxpayers that as of January 1, 2017, the deadline for value-added tax filing and payment has changed. Read Full Story
Tax Commissioner Pierre Moscovici says the European Commission has achieved something of a "tax transparency revolution" in its fight against tax avoidance and evasion. Read Full Story
Pakistan's Finance Minister, Mohammad Ishaq Dar, has directed the Federal Board of Revenue to approach the tax authorities of nine territories about information in the Panama and Bahamas leaks. Read Full Story
The Bahamas Government has recently issued two statements regarding value-added tax policy, covering aviation sector operators and the health care sector. Read Full Story
Italy's Ministry of the Economy and Finance disclosed that the voluntary disclosure program had received 129,565 applications involving previously undeclared assets totaling EUR59.5bn, by its close on November 30. Read Full Story
The Bahamas saw its budget deficit fall by more than 60 percent in the first three months of the fiscal year, which began on July 1, following the introduction of VAT. Read Full Story
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 at the start of this year. Read Full Story
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