Bahamas

On 5 October 2026, the Department of Inland Revenue (DIR) of The Bahamas published updated procedural guidance governing taxpayer objections to Notices of Assessment. The guidance clarifies statutory deadlines under the Business Licence Act and the Real Property Tax Act, emphasizing that objections must be filed in writing within 28 days of service of the

Effective 1 September 2026, the Department of Inland Revenue (DIR) has mandated the transition of all taxpayers in The Bahamas to One Tax Bahamas (OTB), a new centralized digital tax administration platform. This initiative represents a fundamental shift from fragmented legacy systems to a unified electronic interface for registration, filing, payment, and correspondence across all

When the Department of Inland Revenue (DIR) issues a tax assessment, a taxpayer may accept the liability but face temporary liquidity constraints preventing full immediate payment. Under the Revenue Administration Act, 2024 and associated regulations, the DIR possesses discretionary authority to enter into Time to Pay Arrangements (TPAs), allowing settlement through structured installments. This article

Recent amendments to the Real Property Tax Act and the International Persons Landholding Act, gazetted in July 2026, introduce revised tax rates, valuation methodologies, and filing obligations specifically targeting non-Bahamian residential property owners. These changes respond to escalating foreign investment in the Bahamian real estate market and aim to ensure equitable tax contribution while maintaining

Effective September 2, 2026, the Bahamas Department of Inland Revenue (DIR) has announced that Real Property Tax administration will transition to a fully digital platform. This mandate requires all property owners and taxpayers to file returns, make payments, and manage assessments exclusively through the One Tax Bahamas Portal, eliminating paper-based processes. The move aligns with

On September 2, 2026, the Bahamas Department of Inland Revenue published the Business Identification Number (BIN) Registration User Guide, providing comprehensive instructions for new and existing taxpayers to register for and manage their BIN through the One Tax Bahamas Portal. The BIN serves as a unique taxpayer identifier across all tax types, including VAT, Real