author_orbitax
Orbitax

Share This Article

Bahamas Preparing to Implement Global Minimum Tax and Broader Corporate Tax Regime

22 February 2023

|

Proposed Changes

|

Bahamas

According to recent comments from Bahamas Attorney General (AG) Ryan Pinder, the country is preparing to implement the Pillar 2 global minimum tax on global groups making more than EUR 750 million per year. According to AG Pinder, the tax will be a minimum of 15% of net income generated in the Bahamas by a small subset of companies operating in the Bahamas that are part of groups exceeding the revenue threshold. Widespread consultations are to be held on the implementation of the minimum tax for in-scope companies, including the timeframe. After the minimum tax consultations, consultations are also to...