Value Added Tax (VAT) Increase 

Pursuant to the Value Added Tax Act, 2014, which came into force in the Commonwealth of The Bahamas on January 1, 2015, legal fees and disbursements incurred in a matter or transaction are either exempt or subject to a value added tax (VAT) chargeable at a zero percent rate (0%) or at a standard rate. Pursuant to the Value Added Tax (Amendment) Act, 2018, effective July 1, 2018 the standard rate has increased from seven and one half per cent (7.5%) to twelve percent (12%). VAT is added to our invoices for legal fees and disbursements at the applicable rate unless the services and disbursements are exempt. For any queries you may have in this regard, please contact Mr. Adrian Edgecombe, CA at afedgecombe@mckinney.com.bs.

The Partners, Associates and Staff of McKinney Bancroft and Hughes join in congratulating April N. Turner Honouree of the Spring 2018 25 Most Influential Bahamian Women in Business Award.

To read more, please see the attached PDF.

The Partners, Associates and Staff of McKinney Bancroft and Hughes join in congratulating Justine A. Smith Honouree of the Spring 2018 25 Most Influential Bahamian Women in Business Award.

To read more, please see the attached PDF.

45^th Bahamian Independence

McKinney, Bancroft and Hughes wishes our Bahamian families, friends and clients a Happy 45^th Independence!

McKinney, Bancroft and Hughes congratulates Mr. Richard Lightbourn and Mr. Kevin Moree on being ranked on CityWealth’s 2018 Leader’s List: https://www.leaderslist.co.uk/leaderslist/mckinney-bancroft-hughes

The Firm congratulates Brian M. Moree for his award for IFLR’s Financial and Corporate Leading Award for 2016, and John F. Wilson for his award for Client Choice 2016

March 9, 2016

The Firm congratulates Brian M. Moree on his award for IFLR’s Financial and Corporate Leading Award for 2016:

We also congratulate John F. Wilson K.C. for his Client Choice 2016 award.

The Firm welcomes Justine A. Smith to the Partnership

Please see the PDF for our announcement of the appointment of a new Partner at our firm.

The Bahamas – Protecting the Confidentiality of Trusts

By Sean N. C. Moree,
Vanessa Smith

Section 83 of the Trustee Act is an enactment unique to the Bahamian jurisdiction which attempts to codify the rights and obligations of
trustees in relation to disclosure. The disclosure of trust information by trustees has been the subject of judicial debate for centuries;
and as trusts have developed so too has the jurisprudence on the rights of beneficiaries and third parties to trust information and documentation. Recently, the trust has come under intense scrutiny from regulators and
tax agencies alike, so the clarity Section 83 provides not only assists the appointed trustee and designated beneficiaries, but provides comfort to settlors who wish to keep their wishes private and desire to shield his/her trustee from unwanted interference.

Read more by downloading the PDF below.