On 29 May 2019, the Bahamas Deputy Prime Minister and Minister of Finance, K. Peter Turnquest, presented the 2019/20 Budget Communication to parliament. The main revenue tax measures include:

• In an effort to alleviate the notion of ring-fencing, all banks (including both domestic and what used to be offshore banks) will no longer be subject to Business Licence fees, while banks with Bahamian d…