OrbitaxBahamas Provides Penalty Relief for Meeting Substance Requirements
|Approved Changes|Bahamas
The Bahamas has announced penalty relief until 31 January 2021 for entities to meet their requirements under the Commercial Entities (Substance Requirements) Act.
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Thousands of companies meet CESRA deadline as more filings continue to roll-in
Govt listens and responds by granting leniency on late penalty until January 31
Over 17,500 entities have successfully completed their 2019 reporting under the new Commercial Entities (Substance Requirements) Act, 2018, which was due at the end …