The law for implementing measures under the common reporting standard (CRS) for reporting and due diligence for financial account information in tax matters was published in the official gazette of The Bahamas in late December 2016, and is effective as of 1 January 2017.
The first exchange of information on an automatic basis, with appropriate partner countries that have concluded a negotiated bilateral agreement with The Bahamas, will be in September 2018. Read a release from the tax administration.
For more information, contact a KPMG tax professional in The Bahamas:
Jane Adams | +1 (242) 393-2007 | email@example.com
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