DMTT Act 2024
Introduction In November of 2024, the Government of The Bahamas enacted the Domestic Minimum Top-Up Tax Act, 2024 (“the DMTT Act”), marking a significant milestone in the country’s ongoing efforts to align its tax system with international standards. The DMTT Act is deemed to have come into force retroactively as of January 1, 2024, applying …
TAX BENEFITS OF CONDO-HOTEL RENTAL PROGRAMS IN THE BAHAMAS
By Chelon Carr-Newbold February 2025 Most of the sought-after luxury residential communities in New Providence (Nassau) and the Family Islands have condo-hotel rental programs which are managed by the Developer or Resort Manager.
ECONOMIC PERMANENT RESIDENCY IN THE BAHAMAS: WHAT TO KNOW
By: Shonté Beneby Originally posted: Mar. 11, 2025 Update posted: April 2, 2025 This guidance is intended for individuals seeking to apply for Economic Permanent Residency after purchasing a home in The Bahamas. It is not intended as guidance for other types of investments where Economic Permanent Residency may be granted.
A Regional Perspective on Privacy: Caribbean Data Protection Laws and the Case for Reform in The Bahamas
By: Takeio Frazer Published: July 2025 Introduction In an age where data is currency, safeguarding personal information is no longer optional it is a national imperative. The Caribbean has seen a wave of modern privacy legislation, with countries like Barbados and Jamaica taking bold steps to implement comprehensive data protection laws. In contrast, The Bahamas, …
Crackdown by Bahamian Government on property tax arrears
By: Jana Ward, Real Estate Associate, Lennox Paton Publication Date: June 2025 Property Owners no longer have the luxury of neglecting to pay their real property taxes for years on end. In an effort to collect more tax revenue and to deter property owners from accumulating significant tax arrears, the Department of Inland Revenue (“DIR”) …
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Insurance Disputes in The Bahamas, policy holder beware.
By: Ramonne Gardiner, Litigation Partner, Lennox Paton Publication Date: May 2025 Insurance Disputes in The Bahamas, policy holder beware. Fires, Hurricanes, Floods and other perils are often unexpected catastrophic events. With global warming projected to generate costlier natural disasters in the future, it becomes vital for policyholders to ensure that they not only have insurance …
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