The Bahamas has announced penalty relief until 31 January 2021 for entities to meet their requirements under the Commercial Entities (Substance Requirements) Act. --- Thousands of companies meet CESRA deadline as more filings continue to roll-in Govt listens and responds by granting leniency on late penalty until January 31 Over 17,500 entities have successfully completed their 2019 reporting under the new Commercial Entities (Substance Requirements) Act, 2018, which was due at the end of 2020. However, that leaves thousands of companies and other entities that still must meet their reporting obligations under the new legislation. The Government understands the challenges...