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July 2018

Found 1 blog entry for July 2018.

This information is taken from the Bahamas Ministry of Finance and The Department of Inland Revenue and gives a detailed account of VAT guidance on transitional arrangements.

Introduction

This guide is intended to provide information on Value Added Tax (“VAT”) in relation to the transitional provisions that would apply to contracts or other arrangements that would have been made for the provision of goods and services prior to the July 01, 2018 (the transition date) but where the delivery of those goods or the performance of those services are not expected to occur until after the July 01, 2018. The provisions in this guide also refers to the provision of services for a fee whether or not such a fee is a fixed, maximum or minimum charge. (Special

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