Split payments of VAT to combat fraud The Caribbean islands state of the Bahamas has imposed Withholding VAT on payments by certain government bodies to commercial taxpayers. The aim is to combat VAT fraud by requiring public customers to split some of the VAT element
The West Indies Island state of the Bahamas imposed VAT obligations on non-resident providers and digital marketplaces for digital and electronic services to consumers from 1 December 2019. There is no special VAT registration process, and no requirement to appoint a local VAT Fiscal Representative.
Standard rate cut partially funded by removal of zero-rating on basics The Caribbean Island of the Bahamas has agreed a 2% VAT rate cut from 12% to 10% by 1 January 2022. The VAT rate was raised from 7.5% to 12% in July 2018. VAT