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VALUE ADDED TAX (AMENDMENT) BILL, 2016
Annex E
Value Added Tax (Amendment) Bill, 2016
Value Added Tax (Amendment)
Bill, 2016
A BILL FOR AN ACT TO AMEND THE VALUE ADDED TAX ACT
Enacted by the Parliament of The Bahamas
1.
2.
Short title and commencement.
(1)
This Act may be cited as the Value Added Tax (Amendment) Act, 2016.
(2)
Section 2 of this Act shall come into force on the 1st day of January, 2017.
Amendment of section 47 of No. 32 of 2014.
Subsection (1)(a) of section 47 of the Value Added Tax Act, 2014 is amended by
the deletion of the words “twenty-eight” and the substitution of the words
“twenty-one”.
OBJECTS AND REASONS
This Bill seeks to amend section 47(1)(a) of the Value Added Tax Act, 2014 to
amend the provision relative to the filing of VAT returns from within twentyeight days after the end of each tax period to within twenty-one days.
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2016/2017
DRAFT
ESTIMATES
OF REVENUE &
EXPENDITURE