(Eye Witness News) NASSAU, BAHAMAS — Beginning November 1, Facebook ads in The Bahamas will be subject to 12 percent value-added tax (VAT).
Acting Financial Secretary Marlon Johnson yesterday said the move now puts Facebook and other online operators on “even footing” with Bahamian companies offering marketing services inside the Bahamas who have to charge the necessary VAT.
Facebook has announced the tax applies to advertisers whose “Sold To” country of their business or personal address is set to The Bahamas.
Johnson said: “By law VAT is payable on all goods and services consumed inside the country. That includes advertising services wherever the company may be.