The Bahamas List of AEOI/CRS Exchange Partners

June 22, 2018By @BahamasFSBBFSB News, Tax Co-operation, Tax Cooperation

Please be advised that the Competent Authority has today released a list of the exchange partners for  The Bahamas with respect to the Automatic Exchange of Information/Common Reporting Standard.  Provided below for your information. It can also be accessed on the Bahamas Tax Reporting website: Click here to Download (PDF) Should you have questions please … Read More

Recommended that Bahamas Be Removed from EU List of Non-Cooperative Jurisdictions

April 17, 2018By @BahamasFSBBFSB News, Industry News, Tax Co-operation, Tax Cooperation

Source: Ministry of Finance The European Union Code of Conduct Group has officially recommended the Bahamas’ removal from the list of non-cooperative jurisdictions for tax purposes. The Government received confirmation of this in writing on April 17, 2018 from the Secretariat of the Code of Conduct Group. At its meeting on April 12, 2018, Member … Read More

CRS Implementation Handbook 2nd Edition Issued By OECD

April 6, 2018By @BahamasFSBBFSB News, CRS, Industry News, Tax Co-operation, Tax Cooperation

On April 5th, 2018 The OECD released the second edition of the Common Reporting Standard Implementation Handbook. Financial Institutions are encouraged to consult the CRS Implementation Handbook and CRS-related FAQs, which are published on the OECD website as they prepare for reporting:  CRS Implementation Handbook 2nd Edition The Handbook provides practical guidance to assist government … Read More

IBFS 2018 A Great Success

March 5, 2018By @BahamasFSBBFSB News, Education & Training, Events, Industry News, Private Wealth Management, Tax Co-operation, Tax Cooperation

This year the Bahamas Financial Services Board hosted its annual International Business and Finance Summit in conjunction with Bahamas Briefing on March 1st and March 2nd at the Baha Mar Convention Center. At the Bahamas Briefing international intermediaries got an opportunity to see and hear why the Bahamas is the jurisdiction of choice as local … Read More

Bahamas Signs Multilateral Convention for Mutual Assistance in Tax Matters

December 15, 2017By @BahamasFSBBFSB News, Featured, Industry News, Tax Cooperation

With respect to the announcement that The Bahamas has formally acceded to The Multilateral Convention on the Mutual Administrative Assistance in Tax Matters (“The Multilateral Convention”), Th Bahamas Financial Services Board (BFSB) and Association of International Bank & Trust Companies (AIBT) acknowledge that arriving at this point has required much collaboration between the government and … Read More

BFSB hosts Timely Seminar on The Common Reporting Standard

December 13, 2017By @BahamasFSBBFSB News, Featured, Industry News, Tax Cooperation

The Bahamas Financial Services Board hosted a very timely seminar to assist financial institu-tions with meeting their obligations under The Common Reporting Standard (CRS). The seminar was held on Tuesday December 12, 2017 and was facilitated by Paul Davis, Partner of Higgs & Johnson law firm and Deputy Chairman of The Bahamas Financial Services Board. … Read More

BEPS Update/International Tax Initiatives

November 1, 2017By @BahamasFSBBFSB News, Industry News, Tax Co-operation, Tax Cooperation

The Bahamas government hosted an Industry Briefing Session on Base Erosion and Profit Shifting (BEPS) and other International Initiatives facing the financial services sector. Ms. Adrianna Knowles Rahming, Legal Officer, Ministry of Finance and Ms. Tanya Murray, Project Manager, Ministry of Financial Services gave remarks at the briefing held on November 1st, 2017 at the … Read More