This Act amends the Real Property Tax Act by adding a section 33A, which introduces tax amnesty programmes. The Minister may at any time, by Order, authorise one or more amnesty programmes which, in the opinion of the Minister, will promote and encourage the increased payment of real property tax by persons liable under this Act for the payment of such tax. Amnesty programmes may concern real property whether on the assessment list, the re-assessment list or not at all listed.
Amends: Real Property Tax Act (Cap. 375). (2009)
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Lucayan Indians inhabited the islands when Christopher COLUMBUS first set foot in the New World on San Salvador in 1492. British settlement of the islands began in 1647; the islands became a colony in 1783. Since attaining independence from the UK in 1973, The Bahamas has prospered through tourism, international banking, and investment management. Because of its location, the country is a major transshipment point for illegal drugs, particularly shipments to the US and Europe, and its territory is used for smuggling illegal migrants into the US.