Turnpage

Please visit our sponsors

RSS Feed
 

Current News & Press

 

Advertisement

The Bahamas Investor

News & Press Archives

 
The Bahamas Investor on facebookFollow The Bahamas Investor on TwitterSubscribe to RSS feeds from The Bahamas Investor
HOME > 
News & Press > 
Property tax amnesty launched in The Bahamas

The Bahamas government has legislated for a new property tax amnesty, which encourages taxpayers to join the property tax registry and settle any outstanding tax dues. 

Source:
Date:
Updated:
Author:
Tax-News.com
Tuesday, March 12, 2013
Tuesday, March 12, 2013
Phillip Morton (Investors Offshore)

The Bahamas Government has legislated for a new property tax amnesty, which encourages taxpayers to join the property tax registry and settle any outstanding tax dues.

Under the terms of the amnesty, persons with residential or commercial property valued at over BHD250,000 (USD250,000), and with tax arrears dating back no more than three years, must make a declaration and full payment by June 30, 2013, to benefit from a 50% waiver of the total tax due and the total surcharge payable.


Persons with residential or commercial property with tax arrears dating back more than three years will have until December 31, 2013, to make a full declaration and payment, and will benefit from a full waiver of surcharges.

Persons who avail themselves of the initiative, and continue to be compliant will be entitled to a rebate worth 5% of the annual tax assessed in the three years following the scheme.

Source: Tax-News.com

From now through March 20, 2013, Silver Airways passengers who book Abaco, Bimini, Eleuthera, Exuma, and Harbour Island air-inclusive packages of six nights or longer to participating resorts in The Family Islands are eligible to receive $300 instant savings for travel through August 31, 2013.

Ambassador of the Republic of Cuba Ernesto Soberon Guzman made his first official visit to Grand Bahama March 11, calling on Minister for Grand Bahama Michael Darville. Pictured: (above, from left) Sandra Edgecombe, deputy director of education; Cecil Thompson, under secretary, Ministry for Grand Bahama; Melvin Seymour, permanent secretary, Ministry for Grand Bahama; Minister Darville; Ambassador Guzman; and Catherine Weech, hospital administrator, Grand Bahama Health Service. (BIS Photo/Vandyke Hepburn)

The Bahamas Investor
Administrative Links
  


  © 2017 ETIENNE DUPUCH JR PUBLICATIONS LTD