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Last Updated: Feb 13, 2017 - 1:45:37 AM |
November 22nd, 2016 (Nassau, Bahamas) - The Department of Inland Revenue wishes to ad- vise all taxpayers that effective January 1st, 2017 the deadline for VAT filing and payment will change. Registrants must now file their VAT returns and remit the VAT due within twenty-one (21) days after the end of each tax period in accordance with the Value Added Tax (Amendment) Act, 2016, Section 47, Subsection (1).
Please ensure that all VAT returns are filed and paid by the new deadline of the 21st. Failure to file and make payment on or before the deadline will result in fines and penalties being assessed.
For additional information visit the Department of Inland Revenue’s website at http://inlandrev- enue.finance.gov.bs/ or email us at taxinquiries@bahamas.gov.bs.
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