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Bahamas to Sign Mutual Assistance Convention — Orbitax Tax News & Alerts

The Bahamas Ministry of Finance has issued a release announcing that on 29 May 2017 the Government formally indicated to the OECD its intent to accede to the OECD-Council of Europe Convention on Mutual Administrative Assistance in Tax Matters as amended by the 2010 protocol. The OECD welcomed the decision by the Bahamas on 1 June. Once signed, the Bahamas must complete the necessary ratification procedures and deposit the ratification instrument before the Convention will enter into force in the country.