{"id":471,"date":"2024-07-06T16:14:28","date_gmt":"2024-07-06T16:14:28","guid":{"rendered":"https:\/\/cedsto3.dreamhosters.com\/mbh\/value-added-tax-vat-increase-information-and-updates\/"},"modified":"2024-07-07T16:15:05","modified_gmt":"2024-07-07T16:15:05","slug":"value-added-tax-vat-increase-information-and-updates","status":"publish","type":"post","link":"https:\/\/cedsto3.dreamhosters.com\/mbh\/value-added-tax-vat-increase-information-and-updates\/","title":{"rendered":"Value Added Tax (VAT) Increase\u00a0Information and Updates"},"content":{"rendered":"\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_section-76fcdba7f378bcd724711bb4229931c1\">\n.avia-section.av-av_section-76fcdba7f378bcd724711bb4229931c1{\nbackground-color:#3d3d3d;\nbackground-image:url(https:\/\/cedsto3.dreamhosters.com\/mbh\/wp-content\/uploads\/2024\/07\/page-resource-bg.jpg);\nbackground-repeat:no-repeat;\nbackground-position:50% 0%;\nbackground-attachment:scroll;\n}\n<\/style>\n<div id='av_section_1'  class='avia-section av-av_section-76fcdba7f378bcd724711bb4229931c1 main_color avia-section-no-padding avia-no-border-styling  avia-builder-el-0  el_before_av_section  avia-builder-el-first  avia-full-stretch avia-bg-style-scroll av-minimum-height av-minimum-height-60 av-height-percent  container_wrap fullsize'  data-section-bg-repeat='stretch' data-av_minimum_height_pc='60' data-av_min_height_opt='percent'><div class='container av-section-cont-open' ><main  role=\"main\" itemprop=\"mainContentOfPage\"  class='template-page content  av-content-full alpha units'><div class='post-entry post-entry-type-page post-entry-471'><div class='entry-content-wrapper clearfix'>\n<div class='flex_column_table av-av_three_fifth-b1ac823ad80d104edd5272d6a6b85521 sc-av_three_fifth av-equal-height-column-flextable'><div  class='flex_column av-av_three_fifth-b1ac823ad80d104edd5272d6a6b85521 av_three_fifth  avia-builder-el-1  el_before_av_two_fifth  avia-builder-el-first  first flex_column_table_cell av-equal-height-column av-align-bottom  '     ><style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-lybr75a9-69de588513011e7c03acbcd71257e939\">\n#top .av-special-heading.av-lybr75a9-69de588513011e7c03acbcd71257e939{\npadding-bottom:10px;\ncolor:#ffffff;\nfont-size:42px;\n}\nbody .av-special-heading.av-lybr75a9-69de588513011e7c03acbcd71257e939 .av-special-heading-tag .heading-char{\nfont-size:25px;\n}\n#top #wrap_all .av-special-heading.av-lybr75a9-69de588513011e7c03acbcd71257e939 .av-special-heading-tag{\nfont-size:42px;\n}\n.av-special-heading.av-lybr75a9-69de588513011e7c03acbcd71257e939 .special-heading-inner-border{\nborder-color:#ffffff;\n}\n.av-special-heading.av-lybr75a9-69de588513011e7c03acbcd71257e939 .av-subheading{\nfont-size:15px;\n}\n\n@media only screen and (min-width: 480px) and (max-width: 767px){ \n#top #wrap_all .av-special-heading.av-lybr75a9-69de588513011e7c03acbcd71257e939 .av-special-heading-tag{\nfont-size:0.8em;\n}\n}\n\n@media only screen and (max-width: 479px){ \n#top #wrap_all .av-special-heading.av-lybr75a9-69de588513011e7c03acbcd71257e939 .av-special-heading-tag{\nfont-size:0.8em;\n}\n}\n<\/style>\n<div  class='av-special-heading av-lybr75a9-69de588513011e7c03acbcd71257e939 av-special-heading-h1 custom-color-heading blockquote modern-quote  avia-builder-el-2  avia-builder-el-no-sibling  av-inherit-size'><h1 class='av-special-heading-tag'  itemprop=\"headline\"  >Value Added Tax (VAT) Increase Information and Updates<\/h1><div class=\"special-heading-border\"><div class=\"special-heading-inner-border\"><\/div><\/div><\/div><\/div><div class='av-flex-placeholder'><\/div><div  class='flex_column av-av_two_fifth-ae2cd6b1f49e83f5dbcce51aa112b1d0 av_two_fifth  avia-builder-el-3  el_after_av_three_fifth  avia-builder-el-last  flex_column_table_cell av-equal-height-column av-align-bottom  '     ><\/div><\/div><!--close column table wrapper. Autoclose: 1 --><\/div><\/div><\/main><!-- close content main element --><\/div><\/div><div id='av_section_2'  class='avia-section av-av_section-7af9a1a620ce4f39c9b9e05e20762bd9 main_color avia-section-default avia-no-border-styling  avia-builder-el-4  el_after_av_section  el_before_av_section  avia-bg-style-scroll container_wrap fullsize'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-full alpha units'><div class='post-entry post-entry-type-page post-entry-471'><div class='entry-content-wrapper clearfix'>\n<div class='flex_column_table av-av_four_fifth-8a58639afa400a410e48c8abf84368e2 sc-av_four_fifth av-equal-height-column-flextable'>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_four_fifth-8a58639afa400a410e48c8abf84368e2\">\n.flex_column.av-av_four_fifth-8a58639afa400a410e48c8abf84368e2{\nbackground-color:#ffffff;\n}\n<\/style>\n<div  class='flex_column av-av_four_fifth-8a58639afa400a410e48c8abf84368e2 av_four_fifth  avia-builder-el-5  el_before_av_three_fourth  avia-builder-el-first  first flex_column_table_cell av-equal-height-column av-align-bottom  '     ><p><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_hr-3a876428eececa9d35452247ddb053af\">\n#top .hr.hr-invisible.av-av_hr-3a876428eececa9d35452247ddb053af{\nheight:50px;\n}\n<\/style>\n<div  class='hr av-av_hr-3a876428eececa9d35452247ddb053af hr-invisible  avia-builder-el-7  el_after_av_codeblock  avia-builder-el-last '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><\/p><\/div><\/div><!--close column table wrapper. Autoclose: 1 --><div class='flex_column_table av-av_three_fourth-8a58639afa400a410e48c8abf84368e2 sc-av_three_fourth av-equal-height-column-flextable'>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_three_fourth-8a58639afa400a410e48c8abf84368e2\">\n.flex_column.av-av_three_fourth-8a58639afa400a410e48c8abf84368e2{\nbackground-color:#ffffff;\n}\n<\/style>\n<div  class='flex_column av-av_three_fourth-8a58639afa400a410e48c8abf84368e2 av_three_fourth  avia-builder-el-8  el_after_av_four_fifth  el_before_av_one_fourth  first flex_column_table_cell av-equal-height-column av-align-bottom  '     ><section  class='av_textblock_section av-lybr81yx-aa591017c7d58a4e788bf36246808e94 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><h2 style=\"font-weight: 400;\">Value Added Tax (VAT) Increase<\/h2>\n<p style=\"font-weight: 400;\">Pursuant to the Value Added Tax Act, 2014, which came into force in the Commonwealth of The Bahamas on January 1, 2015, legal fees and disbursements incurred in a matter or transaction are either exempt or subject to a value added tax (VAT) chargeable at a zero percent rate (0%) or at a standard rate. Pursuant to the Value Added Tax (Amendment) Act, 2018, effective July 1, 2018 the standard rate has increased from seven and one half per cent (7.5%) to twelve percent (12%). VAT is added to our invoices for legal fees and disbursements at the applicable rate unless the services and disbursements are exempt.\u00a0For any queries you may have in this regard, please contact Mr. Adrian Edgecombe, CA at\u00a0<a href=\"mailto:afedgecombe@mckinney.com.bs\">afedgecombe@mckinney.com.bs<\/a>.<\/p>\n<\/div><\/section><\/div><div class='av-flex-placeholder'><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_one_fourth-b9b2a0bc9aa2512cefc5e0e7e7441cc9\">\n.flex_column.av-av_one_fourth-b9b2a0bc9aa2512cefc5e0e7e7441cc9{\nbackground-color:#ffffff;\n}\n<\/style>\n<div  class='flex_column av-av_one_fourth-b9b2a0bc9aa2512cefc5e0e7e7441cc9 av_one_fourth  avia-builder-el-10  el_after_av_three_fourth  avia-builder-el-last  flex_column_table_cell av-equal-height-column av-align-bottom  '     ><\/div><\/div><!--close column table wrapper. Autoclose: 1 --><\/div><\/div><\/div><!-- close content main div --><\/div><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_section-e7f7c639c71a15790979fd1d68aba87e\">\n.avia-section.av-av_section-e7f7c639c71a15790979fd1d68aba87e{\nbackground-color:#ef8b22;\nbackground:linear-gradient( to right, #ef8b22, #fbb14a, #ef8b22 );\nmargin-top:0px;\nmargin-bottom:-63px;\n}\n<\/style>\n<div id='av_section_3'  class='avia-section av-av_section-e7f7c639c71a15790979fd1d68aba87e main_color avia-section-no-padding avia-no-border-styling  avia-builder-el-11  el_after_av_section  avia-builder-el-last  avia-bg-style-scroll av-minimum-height av-minimum-height-custom av-height-custom  container_wrap fullsize'   data-av_minimum_height_px='40'><div class='container av-section-cont-open' style='height:40px'><div class='template-page content  av-content-full alpha units'><div class='post-entry post-entry-type-page post-entry-471'><div class='entry-content-wrapper clearfix'>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_hr-3a876428eececa9d35452247ddb053af\">\n#top .hr.hr-invisible.av-av_hr-3a876428eececa9d35452247ddb053af{\nheight:50px;\n}\n<\/style>\n<div  class='hr av-av_hr-3a876428eececa9d35452247ddb053af hr-invisible  avia-builder-el-12  avia-builder-el-no-sibling '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div>\n<\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":935,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-471","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/cedsto3.dreamhosters.com\/mbh\/wp-json\/wp\/v2\/posts\/471","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cedsto3.dreamhosters.com\/mbh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cedsto3.dreamhosters.com\/mbh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cedsto3.dreamhosters.com\/mbh\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cedsto3.dreamhosters.com\/mbh\/wp-json\/wp\/v2\/comments?post=471"}],"version-history":[{"count":3,"href":"https:\/\/cedsto3.dreamhosters.com\/mbh\/wp-json\/wp\/v2\/posts\/471\/revisions"}],"predecessor-version":[{"id":1252,"href":"https:\/\/cedsto3.dreamhosters.com\/mbh\/wp-json\/wp\/v2\/posts\/471\/revisions\/1252"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cedsto3.dreamhosters.com\/mbh\/wp-json\/wp\/v2\/media\/935"}],"wp:attachment":[{"href":"https:\/\/cedsto3.dreamhosters.com\/mbh\/wp-json\/wp\/v2\/media?parent=471"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cedsto3.dreamhosters.com\/mbh\/wp-json\/wp\/v2\/categories?post=471"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cedsto3.dreamhosters.com\/mbh\/wp-json\/wp\/v2\/tags?post=471"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}