Global Daily Tax News, Bahamas Begins Accepting CRS, FATCA, CbC Reports, (Oct 16, 2023)

The Bahamas has begun accepting financial account data under the US Foreign Account Tax Compliance Act and the Common Reporting Standard, as well as country-by-country reports.

The territory's tax information exchange portal opened on October 10, 2023, and is set to close on December 6, 2023.

The territory has also released an updated list of the 69 territories with which the Bahamas will share financial account information under the Common Reporting Standard.

The list of territories with which Bahamas intends to share country-by-country reports was last updated in August 2023, adding Azerbaijan, Guernsey, Israel, Malaysia, Maldives, Monaco, Peru, Thailand, and Turkey.