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The Bahamas Launches Phase Two of the Tax Credit and Tax Deferral Program to Assist Businesses Impacted by COVID-19

27 July 2020

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Approved Changes

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Bahamas

The Bahamas Government issue a release on 23 July 2020 announcing the launch of phase two of the tax credit and tax deferral program to assist businesses impacted by COVID-19. --- Government Extends and Expands Tax Credit Tax Deferral Programme to assist Businesses impacted by COVID-19 The Department of Inland Revenue announced in April 2020, that applications for the Tax Deferral and Tax Exemption program were available online. The initial phase of this program which ended on June 30th, 2020, was designed for businesses with turnovers in excess of $3 million dollars, who had a staff compliment of at least...