NEWS & INSIGHTS
What’s new in Bahamas real estate
Market notes and guidance from our team, and reading from around the web.
From Colonial Realty
7 Steps to Investing in The BahamasA Seven-Step Investors Guide to maximizing return on Your Real Estate Investments in The Bahamas. As an investing haven, The Bahamas provides a lucrative environment for…Read article → 10% Increase in VAT for Foreign InvestorsThe Bahamas Set to Impose a 10% Flat Rate Increase in VAT for Foreign Investors – What it Means for the Future of Real Estate Investing,…Read article →
Reading from around the web
‘Clean up own house’ before new VAT finesTHE GOVERNMENT and tax authorities must “clean up their own house” before punishing others over delayed VAT payments, a senior banker asserted yesterday, warning that the imminent 5.25 percent interest charge will hinder the pace of real e…Read on tribune242.com (opens in a new tab) ↗ Bahamas plans tax residency certificate for investorsTHE government plans to introduce The Bahamas’ first Tax Residency Certificate for qualifying permanent residents, but the initiative will require legislation that has yet to be presented to Parliament.Read on tribune242.com (opens in a new tab) ↗ Attorneys fear new VAT charge will ‘create havoc’ in property marketATTORNEYS are voicing fears that the Department of Inland Revenue’s (DIR) plan to impose a 5.25 percent interest charge on VAT due on real estate sales if the tax is not paid within 21 days will “create havoc in the industry”.Read on tribune242.com (opens in a new tab) ↗