NASSAU, BAHAMAS — The government does not anticipate any fallout or loss of business due to its decision to introduce a 15 percent corporate tax to comply with the OECD’s Pillar Two tax framework, noting that up to 50 multinational companies will likely be impacted.

Speaking at a weekly press conference at the Office of the Prime Minister, Halkitis stated: “Regarding the OECD 15 percent minimum tax and the 750 million Euro threshold under Pillar II, we estimate there might be a maximum of 50 multinational companies that fall into that category. We have made some estimates of possible revenue that might accrue. We intend to lay the legislation to bring that into effect.”

READ MORE CLICK HERE

LEAVE A REPLY

Please enter your comment!
Please enter your name here