October 2014 The Government of the Bahamas clarified their position on condo fees/assessments stating that these fees in excess of $100,000.00 per year will incur a VAT charge. Starting January 1, 2015 condo associations are required to bill a VAT charge of 7.5% on all billings of fees and assessments. For more information on VAT please visit bahamas.gov.bs/VAT

Posted by Rachel Pinder on


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