Bahamas Replacing Business License Tax Legislation Including Expanded Scope for International Business Companies
The Bahamas government has published the Business License Bill 2023, which was presented along with the country's budget for 2023/24. The Bill repeals and replaces the Business License Act 2010, establishing new rules for the Business License Tax. Among other things, this includes a new rate schedule and an expanded scope of taxable turnover, notably covering the turnover of International Busi…
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