- The Bahamas has implemented a 10% Value Added Tax (VAT) on goods and services purchased by passengers on cruise lines’ private islands, effective from March 1, 2024.
- This change aims to address the competitive disadvantage faced by Bahamian-owned companies, as private islands were previously exempt from VAT, allowing cruise lines to offer lower prices.
- Cruise lines operating in the Bahamas must register for VAT if they own a private island or exceed $100,000 in annual taxable sales.
Source VATit
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