ARTICLE · 20 MARCH 2021

Real Property Tax Forgiveness Programme 2021: Overview

Lennox Paton

BahamasTax

On 1 March 2021 Prime Minister Dr Hubert Minnis announced a Real Property Tax (RPT) Forgiveness Programme which will provide waivers to Bahamian and non-Bahamian property owners in The Bahamas who are in arrears. The programme is aimed at collecting outstanding property taxes in order to bring persons into compliance and to increase the government's revenue. The prime minister noted that this programme will assist in easing the financial burden on property owners which has been exacerbated due to the COVID-19 pandemic and the consequential economic downturn.

The RPT Forgiveness Programme came into effect on 1 March 2021 and will expire on 31 May 2021. This article provides an overview of the programme.

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Real Property Tax Forgiveness Programme 2021: Overview

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