Alexa
  • Directory of Taiwan

Bahamas government enforces new consumption tax

Bahamas government enforces new consumption tax, replacing other levies

Bahamas government enforces new consumption tax

NASSAU, Bahamas (AP) -- The government of the Bahamas is implementing a new value-added tax on most goods and services.

The 7.5 percent tax applies only to businesses whose profits exceed $100,000 a year. The new tax replaces the hotel accommodation tax and certain customs duties and excise taxes.

The government said in a statement Friday that more than 5,000 businesses have registered to start applying the tax. Businesses have until Feb. 28 to become fully compliant.

The tax went into effect Jan. 1.


Updated : 2021-09-28 12:55 GMT+08:00