The Bahamas Government issued a release on 27 October 2020 announcing the enforcement of the collection of VAT on digital services provided by foreign entities and consumed in the Bahamas. --- Government levels the playing field with digital media tax enforcement For more than a year, the Government has been in the process of standardizing revenue collection from foreign entities providing services that are consumed in the Bahamas. The recent announcement regarding the collection and remit of value added taxes (VAT) by online advertising giant Facebook is in keep with this effort to uniformly implement the VAT Act. "Countries around...