The Bahamas government has published the Value Added Tax (Amendment) (No.2) Bill 2025, which was submitted in parliament on 28 May 2025 and proposes several amendments to the Value Added Tax (VAT) Act that would generally apply from July 2025. Some of the key amendments concern VAT refunds. This includes the replacement of Section 56 of the VAT Act on the carry forward of excess credits, provi…