Bahamas: Proposed Pillar Two legislation
Minimum effective tax rate of 15% for MNE groups with global revenues exceeding €750 million
The Deputy Prime Minister on October 16, 2024, presented legislation to the House of Assembly of Bahamas aiming to implement a domestic minimum top-up tax (DMTT) aligned with the OECD's Pillar Two framework.
The proposed legislation targets multinational enterprise (MNE) groups with global revenues exceeding €750 million, establishing a minimum effective tax rate of 15% on profits in the Bahamas.