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Bahamas Budget Communication 2018/19 Presented

|Proposed Changes|Bahamas
Bahamas

On 30 May 2018, the Bahamas Deputy Prime Minister and Minister of Finance, K. Peter Turnquest, presented the 2018/19 Budget Communication to parliament. The main revenue tax measures include:

  • An increase in the taxation of gaming house activities through the introduction of a sliding scale of rates applied to taxable revenue, namely:
    • up to BSD 20 million, a rate of 20%;
    • between BSD 20 millio…

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