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Bahamas to Enable the Payment of Taxes Using Digital Assets

|Proposed Changes|Bahamas
Bahamas

The Prime Minister of the Bahamas recently published a policy white paper on the Future of Digital Assets in the Bahamas, which sets out a vision and a framework to guide Bahamian digital asset policy between now and 2026. With respect to taxes, the paper states that the Government will endeavor to ensure that digital assets are not used for the evasion of taxes or sanctions and will seek to ensure compliance with all applicable tax information exchange agreements (TIEA) and domestic laws an…

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