The Bahamas Government tabled the Business Licence (Amendment) Bill 2025 and the Domestic Minimum Top-Up Tax (Amendment) Bill 2025 in Parliament on 26 February 2025. The amendments made by the legislation allow companies subject to the domestic minimum top-up tax (DMTT) in the Bahamas to credit their business licence tax payments against their DMTT due for a year. Previously, companies subject to the DMTT were exempted from business licence tax, which resulted in potential cash flow issues for the government considering that DMTT is not paid until 15 months after the relevant year (18 months for the first year). Subject...