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Bahamas Extends Reporting Deadline for New Economic Substance Requirements

13 October 2023

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Approved Changes

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Bahamas

The Bahamas Ministry of Finance issued a notice on 10 October 2023 announcing an extension of the deadline for reporting under the new requirements introduced as part of the Commercial Entities (Substance Requirements) Act 2023 (previous coverage). --- Extension to the Reporting Deadline for Commercial Entities (Substance Requirements) Act, 2023 Reporting 10th October, 2023 The Ministry of Finance wishes to advise the public that as a result of a high volume of requests from entities for an extension to the reporting deadline for Commercial Entities (Substance Requirements) Act, 2023 ("CESRA") reporting, after much consideration, it has been decided to allow...