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Bahamas Replacing Business License Tax Legislation Including Expanded Scope for International Business Companies

|Approved Changes|Bahamas
Bahamas

The Bahamas government has published the Business License Bill 2023, which was presented along with the country's budget for 2023/24. The Bill repeals and replaces the Business License Act 2010, establishing new rules for the Business License Tax. Among other things, this includes a new rate schedule and an expanded scope of taxable turnover, notably covering the turnover of International Busi…

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