Statement from the Office of The Prime Minister on NIB Rate Increase

In the midterm budget debate this week, the government has outlined important progress in moving our nation forward, despite the serious and complex challenges which we face. We came to office during a time of crisis. Yet, despite the significant debt we inherited, we knew our policies needed to go beyond rescue, relief, and recovery. […]

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 […]