According to Bahamas' latest Budget for 2014/2015, released on 28 May 2014, VAT will be introduced from 1 January 2015.
In addition, to delaying the implementation to 1 January 2015, the basic rate is to be reduced to 7.5% (from previous proposals of 15%).
In accordance with the budget, the key features of the proposed Bahamian VAT are as follows:
Cyprus Self-Managed Alternative Investment Funds with Limited Number of Persons (AIFLNP) - Compliance Calendar Have you ever been in a situation where although you have the competency to perform a task you are unsure what the totality of the task might be? This situation can arise when numerous regulatory requirements are imposed on an organisation and further exacerbated by the almost exponential increase in the velocity of change of these requirements.Read more