en | hu | ru | bg | ro | tr FacebookTwitterGoogle+LinkedInYouTubeInstagram
+ 357-24-636-919
+ 44-20-7556-0900

Sign up for a free consultation
Subscribe to our newsletter
Request a return call
Downloadable brochures
Request a brochure
5 Minutes Offshore
How to order a company from LAVECO Ltd
Latest news
Currency exchange rates: USD/1 unit
HUF 0.004
GBP 1.4052
CHF 1.0505
RUB 0.0172
HKD 0.1275
JPY 0.0094
CNY 0.1579
CAD 0.7643
AUD 0.7696
BRL 0.3034
EUR 1.2309

Important Information

Bahamas to reform the tax system on the way to WTO


VAT will be introduced as from 1 July 2014
The government of Bahamas has announced that a VAT will apply at a rate of 15% on a broad range of goods and services.

According to the White Paper on Tax Reform to Secure Adequate Revenues for the Future, published by officials, the reform will also involve:

  • effect the eventual reductions in import duty rates that will accompany The Bahamas’ accession to the WTO;
  • reduce excise tax rates to compensate for the VAT;
  • eliminate Business License Tax as currently structured and;
  • eliminate the Hotel Occupancy Tax.