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The Bahamas: Property owners given tax amnesty
The third option would allow people with properties that are not on the assessment list to get them on the list.
“The government will waiver the taxes for the prior years, providing again that the property is on the register with our department, that is the Evaluation Department, on or before the 30th of June, 2013,” Forbes said, adding that nearly 20 percent outstanding properties remain to be put on the list.
Forbes said Bahamas citizens would know how much they are required to pay when they receive their tax bill which, if they are exempt, will not show a taxable amount. He said if anyone is in doubt, they are free to call the office and visit to validate the balances.
“We recommend that all properties are registered because you may be exempt today but with improvements done to the property, it may fall within another category tomorrow,” he said warning people not to sit back and procrastinate because there is no guarantee of any future amnesty. – (CMC)
