On 23 July 2014, the government of the Bahamas released a revised rules for value added tax (VAT), which will be implemented in the country from 1 January 2015. VAT will apply to the supply of most goods and services in the country, including imports.  Goods exported are generally exempted or zero-rated.

The key revisions include:

VAT Rate and Registration

• The VAT rate is set at …