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 … Read More
Tax Cooperation
The FINANCIAL TRANSACTIONS REPORTING ACT, 2018 and PROCEEDS OF CRIME ACT, 2018 were passed by Parliament
The FINANCIAL TRANSACTIONS REPORTING ACT, 2018 AND PROCEEDS OF CRIME ACT, 2018 were passed by Parliament and came into force on Friday May 15th, 2018. FINANCIAL TRANSACTIONS REPORTING ACT, 2018 … Read More
Recommended that Bahamas Be Removed from EU List of Non-Cooperative Jurisdictions
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 … Read More
CRS Implementation Handbook 2nd Edition Issued By OECD
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, … Read More
The Bahamas’ Expects Removal from the EU List of Non-Cooperative Jurisdictions for Tax Purposes
IBFS 2018 A Great Success
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 … Read More
Bahamas AEOI/CRS Guidance Notes
Final AEOI/CRS Guidance Notes received from The Ministry of Finance for public dissemination. Documents BAHAMAS AEOI/CRS GUIDANCE NOTES
Bahamas Signs Multilateral Convention for Mutual Assistance in Tax Matters
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 … Read More
BFSB hosts Timely Seminar on The Common Reporting Standard
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 … Read More
BEPS Update/International Tax Initiatives
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, … Read More