Department of Inland Revenue

Shops at Carmichael Plaza, Carmichael Road
Nassau
Nassau / Paradise Island, Bahamas

Review

CRA will collect 90 of all taxes

The creation of a Central Revenue Agency (CRA) will address the "critical structural deficiencies" of the tax system, according to a key government official. In an extensive communication in the House of Assembly yesterday, State Minister of Finance Michael Halkitis provided...

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CRA To Issue Tax ID Numbers

Bahamians could soon be issued a tax identification number after the government establishes a formal Central Revenue Agency (CRA). James Smith, a key advisor to the Christie administration, explained that the CRA will likely not include the creation of a new building or a dramatic increase in staff.

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Crash victim in urgent need of blood

A taxi driver involved in a head-on collision on West Bay Street on Wednesday is in urgent need of blood, his sister has confirmed.
Ashley Symonette was traveling east along West Bay Street around 2:30 p.m. when witnesses said he swerved into the westbound lane. He hit a white delivery truck near the Caves.
Symonette was hanging from one of the taxi's doors, trapped by the leg, when The Nassau Gua...

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544 million in VAT projected for 2015/2016

The government expects to earn a whopping $544.2 million in value-added tax (VAT) in fiscal year 2015/2016 - over $200 million more than the initial estimate of $300 million for a full fiscal year and nearly quadruple the estimated VAT revenue for 2014/2015.

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Department of Inland Revenue Enforcing Business Licences Penalties and Surcharges

The Department of Inland Revenue (CRA) reminds the public that fines and penalties are now being imposed as a result of the July 2015 amendment to the Business Licence Act.

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Department Increases Enforcement of VAT Penalties and Fines

The Department of Inland Revenue encourages business owners to ensure that their Value Added Tax (VAT) returns are filed and paid on time to avoid facing penalties. The Department is now activating the automatic enforcement of penalties for late returns. Penalties for late filing and late payments are as follows...

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Department of Inland Revenue Advises of VAT Free Shopping Rules

The Department of Inland Revenue reminds business owners that are eligible for the VAT Free Tourist shopping scheme that there are several goods that are not part of the scheme...

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Department of Inland Revenue Business License Payment Methods

The Department of Inland Revenue reminds the public that there are several ways to pay when applying for or renewing your business licence using the Online Tax Administration System (OTAS). The public needs to ensure that their payments are being made with respect to Business Licence and not Value Added Tax (VAT)...

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Tax Compliance Certificate To Be Introduced

The Department of Inland Revenue advises the public of the introduction of a new Tax Compliance Certificate.
The Tax Compliance Certificate will be issued to taxpayers who are current with their tax obligations to the government. These obligations include filing tax returns and paying the assessed taxes.
The certificate is required for individuals who:
 Wish to tender for the award of a...

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