1 April 2025 new 5% reduced VAT rate on basic foodstuffs In a significant move to alleviate the burden of rising food prices, Prime Minister Philip Davis announced in a national address that the Bahamas government will slash the value-added tax (VAT) on food sold
2025 tough VAT Requirements for non-EU taxpayers with VAT fiscal representatives Italy has published two new, stringent regulations affecting non-EU resident entities engaging in VAT activities through an Italian VAT representative. These changes, set out in two decrees issued on 4 December and 9 December
2025 Budget extends B2B anti-VAT fraud measure Italy’s 2025 Budget, including the extension of the domestic reverse charge – eliminating the VAT-element of invoice payment to reduce fraud opportunities. The domestic reverse charge removes the VAT cash payment on B2B deals which are subject to
Split payments of VAT to combat fraud The Caribbean islands state of the Bahamas has imposed Withholding VAT on payments by certain government bodies to commercial taxpayers. The aim is to combat VAT fraud by requiring public customers to split some of the VAT element
The West Indies Island state of the Bahamas imposed VAT obligations on non-resident providers and digital marketplaces for digital and electronic services to consumers from 1 December 2019. There is no special VAT registration process, and no requirement to appoint a local VAT Fiscal Representative.
Standard rate cut partially funded by removal of zero-rating on basics The Caribbean Island of the Bahamas has agreed a 2% VAT rate cut from 12% to 10% by 1 January 2022. The VAT rate was raised from 7.5% to 12% in July 2018. VAT
