The Bahamas : Tax Reforms for Increased Buoyancy

Author/Editor:

International Monetary Fund. Fiscal Affairs Dept.

Publication Date:

January 28, 2014

Electronic Access:

Free Full Text (PDF file size is 943 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This paper focuses on tax reforms for increased buoyancy in The Bahamas. The Bahamas has a low tax effort owing to limited tax handles and underutilization of available ones. Real property tax collections as percent of GDP have doubled within a decade. In addition to the real property taxes, a graduated stamp duty on the conveyance of immovable property is imposed at fairly steep rates. As a requirement to World Trade Organization membership, the tariff rates will be lowered from their current levels. It is expected that revenue losses from tariff reduction will be compensated by value-added tax revenues.

Series:

Country Report No. 14/17

Subject:

English

Publication Date:

January 28, 2014

ISBN/ISSN:

9781484377710/1934-7685

Stock No:

1BHSEA2014001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

73

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