On 31 May 2017, the Bahamas Deputy Prime Minister and Minister of Finance, K. Peter Turnquest, presented the 2017/18 Budget Communication to parliament. The tax-related measures of the budget are mainly limited to a reduction in the Business License tax rate from 1.5% to 1.25% of turnover, tax relief to consumers and businesses through customs and excise duty rate reductions for various goods, and measures to enhance tax administration and compliance, including amendments to the Customs Manag…