March 8, 2021
The Government of France has removed The Bahamas from the French list of non-cooperative states and territories in tax matters. The list, which is updated annually by the French Ministry of Economics and Finance, was published in the Official Diary of the French Republic on March 4.Read More
Feb. 28, 2021
The Ministry of Finance concluded an agreement with the OMNI Financial Group and the Association of Bahamas Marinas (OMNI/ABM) to launch a digital payment solution for the collection of charter fees from mega yachts and other charter operators in The Bahamas.Read More
Feb. 24, 2021
This Mid-Year Budget Statement is presented at an unprecedented time in modern
It comes at a time when The Bahamas is still rebuilding from Hurricane Dorian -- when, the country is contending with the persistent threat of the COVID-19
Feb. 22, 2021
The Bahamas Customs & Excise Department has officially launched its electronic submission portal for cruising permit applications on the Click2Clear platform. The Cruising Permit Module is expected to dramatically improve the processing time for boaters when clearing Customs at the various ports of entry across The Bahamas. Boaters can now complete and submit declaration forms and make payment in advance of arrival.Read More
Feb. 10, 2021
In keeping with its commitment to reform public finance management in The Bahamas, the Government tabled a suite of new legislation in the House of Assembly today that will usher in new levels of transparency and accountability.
Feb. 1, 2021
The shock of the coronavirus pandemic on macroeconomic conditions continues to be seen in the government’s budget performance, according to preliminary estimates published in the Midyear Fiscal Snapshot and Budget Performance Report for FY 2020/21.Read More
Feb. 1, 2021
COVID has thrown the entire world into crisis; no country has been spared the significant human, social, and economic toll. Notwithstanding, the recently published International Monetary Fund (IMF) Staff Report for the 2020 Article IV Consultation acknowledges that the Government's handling of the coronavirus pandemic and its articulated macroeconomic plans have produced notable results when it comes to saving lives and minimizing the fall-out.Read More
Jan. 27, 2021
The recently published Concluding Statement from the Executive Board of the International Monetary Fund (IMF) provides further indication that the Government’s fiscal policy responses and economic management are producing results in keeping with global best practices.
Jan. 12, 2021
The Ministry of Finance is pleased to announce the expansion of tax relief measures under the Special Economic Recovery Zone (SERZ) Extension Order for the islands of Grand Bahama and the Abacos.
Oct. 30, 2020
The necessary reinstatement of curfews and lockdowns for the entire month of August exerted significant pressure on the country’s fiscal position in the first quarter of the 2020/21 Fiscal Year (FY), according to preliminary estimates published in the First Quarter Fiscal Snapshot and Report for FY 2020/21.Read More
The budget website is inspired by a worldwide movement towards citizens budgets. Presented by the Ministry of Finance, it is a visual, interactive and less-technical version of the annual budget that promotes accessibility, inclusion, transparency and accountability.