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Extension of deadline for economic substance filing – PDF

The Ministry of Finance has advised that the deadline for economic substance filing is extended by three months for all entities reporting for fiscal year 2019. Read the public notice here. 

Source:
Date:
Updated:
Ministry of Finance
Friday, March 27, 2020
Friday, March 27, 2020

The Ministry of Finance wishes to advise that the deadline for economic substance filing is extended by three months for all entities reporting for fiscal year 2019.

As a consequence, all entities with a fiscal year end after June 30, 2019 that are required to submit economic substance filings pursuant to the Commercial Entities (Substance Requirements) Act, 2018 (CESRA) will have to file within 12 months of the date of their 2019 fiscal year end.


Penalties for failure to file within the 12-month period and any other enforcement provisions of CESRA will be applicable from the first day following the expiration of the extended three month period.

Read/download the public notice here:

The Caribbean Development Bank is mobilising funds to help its Borrowing Member Countries, including The Bahamas, through the expected economic downturn generated by the Coronavirus outbreak.

Minister of Health Dr Duane Sands held a short briefing to update the media on the Covid-19 outbreak. Read his full comments here.

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