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FS Ministry publishes FATCA briefing – PDF

The Ministry of Financial Services has published a industry briefing note on the US Foreign Accounts Tax Compliance Act. View or download a PDF of the document here. 

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TheBahamasInvestor.com
Wednesday, June 4, 2014
Wednesday, June 4, 2014

On April 17, 2014, the government of The Bahamas entered into an agreement, in substance, with the government of the United States to comply with the US Foreign Accounts Tax Compliance Act (FATCA) through a Model I Inter-Governmental Agreement (IGA) on a non-reciprocal basis.

The Bahamas Ministry of Financial Services has published an industry briefing note with frequently asked questions to help services providers prepare for the changes in reporting requirements.

View or download a PDF of the document here.

More than 2,300 couples in the US have entered the "16 weddings, 16 islands" competition organized by the Bahamas Ministry of Tourism. Watch a video about the promotional campaign here.

Baha Mar, the $3.5-billion integrated destination gaming resort, and SLS Hotels today announced the signing of an agreement that will see SLS Hotels manage Baha Mar’s 300-room luxury lifestyle hotel, including 107 residences.

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