- 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
Click on the logo to visit the website
Latest Posts in "Bahamas"
- Consumer Protection Commission Warns Against Price Gouging During Back-to-School VAT Holiday
- Guidance on Provisional VAT Invoice for Conveyances Issued by Inland Revenue Department
- Bahamas to Reduce VAT to 5% on Basic Commodities and Medical Supplies from September 2025
- Superwash Expansion Faces Challenges Due to $1m VAT Reform, Says Former Minister D’Aguilar
- FNM Pledges to Slash Yacht Tax Rate, Reversing VAT Hike to Boost Industry Competitiveness