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Bahamas Budget Communication 2018/19 Presented

11 June 2018

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Proposed Changes

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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 million and BSD 40 million, a rate of 25%; between BSD 40 million and BSD 60 million, a rate of 30%; between BSD 60 million and BSD 80 million, a rate of 35%; between BSD 80...