Many Bahamian financial institutions (“BFIs”) are now preparing to commence reporting to the Bahamian Government on accounts held by U.S. persons pursuant to The Bahamas and the United States of America Foreign Account Tax Compliance Agreement Bill, 2015 (the “FATCA Bill”). Although the FATCA Bill is not yet in force, it is anticipated that it will be passed by Parliament imminently.

Download PDF

New Condo-Hotel Tax Announced

In the 2022/2023 Budget Communication, the Government communicated its intention to introduce a new tax which will affect high...

Higgs & Johnson Remains One of the Most Prominent Law Firms in The Bahamas

According to the 2023 release of Chambers Global, Higgs & Johnson is widely hailed as one of the most...