BAHAMAS-TAX-Government providing tax amnesty to property owners

NASSAU, Bahamas, CMC – The Bahamas government is providing a tax amnesty to property owners ahead of the June 30 deadline.

The government says effective immediately, the Real Property Tax Amnesty Programme could save home owners up to 50 per cent of the taxes owned to government if they make arrangements with the assessment team. But the government gave no indication as to how much money is owed to it by tax payers.

According at the Chief Evaluation Officer and Controller of Inland Revenue, Roger Forbes, taxpayers have three options to meet the June deadline.  He said taxpayers would then have up to December 2013 to finalise a zero balance on their property tax accounts.