Another Bahamas CRS Announcement
- Elizabeth A. McMorrow
- 3 days ago
- 1 min read
On April 21, 2026, the Bahamas Competent Authority posted another CRS announcement with additional AEOI amendment information:
Portal registration requirements and deadlines apply to both Reporting Financial Institutions (FIs) and Non Reporting FIs.
Failure to register may result in a fine of up to $100,000 (Bahamian dollars are one to one with U.S. dollars).
The Bahamas authority is to be notified within 90 days of an FI’s cessation for purposes of deregistration from the AEOI portal. However, deregistration will not be completed by the Bahamas until all outstanding reporting is filed by the FI.
A change in an FI’s reporting status must be communicated to the Bahamas authority within 30 days of such change.
Nil reporting is required for Reporting FIs.
The portal is currently open and will close on August 31, 2026 at 5PM ET. Once the portal closes, Financial Institutions can contact the Bahamas Competent Authority at helpdesk@taxreporting.finance.gov.bs or information@taxreporting.finance.gov.bs.
Click to read the Bahamas announcement.
For assistance, please contact me via my contact page or at elizabeth@elizabethmcmorrowlaw.com.
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