Cornèr Bank (Overseas) Limited

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Value Added Tax

The Commonwealth of the Bahamas will be introducing Value Added Tax (VAT) at the rate of 7.5% on virtually all goods and services provided within the country.

Customers of Cornèr Bank (Overseas) Limited will not be directly affected as a rate of zero percent (0%) will be applicable to financial services provided to non-residents of the Bahamas.

Consequently our customers can expect to see this information together with our Tax Identification Number (TIN) appear on all statements, advices, confirmations and similar communications beginning in January, 2015.