Value Added Tax (VAT) 

Value Added Tax (VAT), is an indirect tax which is considered broadly based consumption tax charged on the value added to goods and services.  It applies to almost all goods and services that are imported, bought and sold for use or consumption.  Conversely goods exported supplied to customers abroad are exempted or zero-rated.

 

VAT came into effect in The Bahamas on January 1, 2015

Value Added Text

How can KPMG help?


KPMG can provide you with a full range of services from an initial impact review for your business to ongoing assistance with filing VAT returns and importation documents. Outlined below are the advisory and compliance services we can offer:

Advisory services:

    •  Impact review
    •  VAT planning and structuring
    •  Advice on land and property matters
    •  Advice on international services
    •  Advice on import of goods and services 
  •  Requesting a pre-transaction ruling

 

Compliance services:

            • Registering for VAT
            • Completion of VAT returns
            • Apportionment calculations
            • Applications for a VAT refund
            • Completion of import documents
            • Investigations by the authorities
  • Training

Contact

Contact

Jane Adams 

Director

Tel:  1-242-393-2007

janeadams1@kpmg.com.bs

KPMG VAT Advisory Services