GloBE Country Guide: The Bahamas

Summary

Status	Draft Law
Law	Domestic Minimum Top-Up Tax Bill, 2024
Effective Date	Financial years beginning on or after January 1, 2025 (unless the Group or any of its Constituent Entities is subject to an IIR or UTPR in another jurisdiction in respect of that Fiscal Year).
IIR	No
UTPR	No
QDMTT	Yes (2025)
Filing Deadlines	Standard
Safe Harbours	All are transposed from the OECD Consolidated Commentary (where relevant)

Legislation
General
Differences to Model Rules
Qualifying Domestic Minimum Top-Up Tax
Administration and Filing
Penalties

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Lee Hadnum

Lee is a qualified Chartered Accountant and Chartered Tax Adviser. A former Senior Tax Analyst at Bloomberg Tax, Lee began his career in Ernst & Young's Entrepreneurial Services department and has 20 years of international tax planning experience. Lee's books have been recommended by The Times, The Guardian and The Telegraph.

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