Minister of Financial Services the Hon. C.V. Hope Strachan, M.P. says The Bahamas is on track to implement the CRS in 2018.
Asserting that The Bahamas has demonstrated a commitment to create a financial services sector that is well equipped to compete and succeed in the increasingly regulated environment in which the industry now operates, the Minister in a media release today states that The Bahamas prides itself on being a compliant jurisdiction that follows best practices and adheres to international standards for tax cooperation and tax transparency. *”A prime example of this is the Government of The Bahamas’ commitment to the OECD to implement the Common Reporting Standard (CRS) for the Automatic Exchange of Information (AEOI) in 2018,”* she says.
See pdf of media release below.