The Bahamas Government tabled the Domestic Minimum Top-Up Tax Bill 2024 in Parliament on 16 October 2024. The legislation provides for the introduction of a Pillar 2 Qualified Domestic Minimum Top-Up Tax (QDMTT) for in-scope MNEs operating within the Bahamas. As drafted, the legislation is to be deemed to have come into force on 1 January 2024 and will apply to fiscal years of an MNE group that begins after 31 December 2023. However, it will not apply to a Constituent entity of the group in respect of a fiscal year of the group that begins before 1 January 2025...