On 26 May 2021, the Bahamas Prime Minister and Minister of Finance, Dr. Hubert Minnis, presented the 2021/22 Budget Communication to parliament. As stated in the Budget Communication, the government plan proposes several amendments and clarifications in respect to tax law and tax policy that will provide incremental revenue. Some of the main measures are as follows:
- Amending the requirements for the vacation home rental market to clarify that all vacation home marketplaces, such as Airbnb a…