In the 2015/106 Budget Communication presented by the Right Honourable Prime Minister Perry Christie, Prime Minister Christie communicated the Government's intention to modernize the real property tax administration.

Are individual shareholders ‘transferors' for the purposes of the UK's transfer of assets abroad regime?

The Value Added Tax Act, 2014 came into force 01 January 2015. It is intended to raise additional revenue for the Government of The Bahamas by means of value added tax.

Tax changes came into effect on 01 July 2013 relevant to businesses.

The Bahamas Government announced that it had approved in principle the Model 1 Agreement with the US Government to implement FATCA.

The Probate and Administration of Estates Act (the "Act") was assented to on 8 February, 2011 and came into effect on 1 June, 2011.

In order to distribute or take possession of a deceased person’s property situated in The Bahamas a Grant of Probate or Letters of Administration must be obtained from the Bahamian Courts.