E-commerce And Taxation In Bahamas

There is no income, purchase or sales tax in the Bahamas. Having no experience collecting taxes, collecting revenues from e-transactions becomes that much more difficult for the Bahamas. Additionally, the Bahamas is not a signatory to any double tax treaty with other country, thus allowing the widespread exploitation of the Bahaman system by foreigners.

The following questions have been addressed in this article:

What are the provisions set down by the Electronic Communications and Transactions Act with regard to e-commerce transactions in Bahamas?
Does the Computer Misuse Act, protect any offences arising from illegal interference with computers and their security systems in Bahamas?
Is taxation on electronic commerce applicable in Bahamas?
How is Value Added Tax (VAT) levied on the supply of services in a zero rating environment such as the Bahamas?

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