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Bahamas Preparing to Implement Global Minimum Tax and Broader Corporate Tax Regime

|Proposed Changes|Bahamas
Bahamas

According to recent comments from Bahamas Attorney General (AG) Ryan Pinder, the country is preparing to implement the Pillar 2 global minimum tax on global groups making more than EUR 750 million per year. According to AG Pinder, the tax will be a minimum of 15% of net income generated in the Bahamas by a small subset of companies operating in the Bahamas that are part of groups exceeding the revenue threshold. Widespread consultations are to be held on the implementation of the minimum tax…

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