Press Statement from the Office of The Prime Minister on the Announcement of Qualified Domestic Minimum Top-Up Tax (QDMTT)

Today, the Prime Minister and Minister of Finance Hon. Philip Edward Davis KC, MP announced the introduction of the Qualified Domestic Minimum Top-Up Tax (QDMTT), a significant measure under the OECD’s Pillar Two tax framework aimed at ensuring multinational enterprises (MNEs) operating within The Bahamas pay their fair share of taxes. This initiative specifically targets […]

Prime Minister Davis’s Mid-Year 2023/2024 Budget Statement to Parliament

IntroductionMadam Speaker: It is always an honour to rise in this House as the representative of the exceptional people of Cat Island, San Salvador and Rum Cay. However, I am pleased to stand before you today, in my capacity as Minister of Finance, to present the Mid-Year Review of fiscal performance for the fiscal year […]

Prime Minister Davis’s Remarks at the Nassau Village Community Walk About

I begin by expressing profound gratitude. We are grateful to God, above all, for his abundant blessings. We are grateful for family and friends, for our freedom, our faith, and our fortitude. And we are grateful that we are citizens of the world’s most beautiful, most extraordinary nation. Not for a single moment in my life […]

Prime Minister Davis attends Non-Alignment Movement (NAM) and G77 + China Summits and Announces Formation of Diplomatic Relationship with Kenya.

The Davis Administration is proud to announce the establishment of formal diplomatic relations between The Bahamas and Kenya, marking a significant milestone in our country’s international engagement. The announcement underscored the Administration’s strategic commitment to expanding opportunities for Bahamians. It was made as Prime Minister Hon. Philip Davis returned from Kampala, Uganda, where, over the […]