News and Updates

The enactment of the Usufruct Interest Act, 2026 is one of the more interesting developments to emerge from The Bahamas’ private client sector in recent years. Not necessarily because usufruct itself is new, civil law jurisdictions have used the concept for centuries, but because of what its enactment says about the direction of international wealth planning and how The Bahamas sees its role within that evolving landscape.

What happens when the taxpayer does not intend to object to the assessment and is willing to pay, but cannot pay the full amount immediately? In this article GT discusses the circumstances upon which a taxpayer has made the decision not to object to the DIR’s tax assessment.

In recent years, The Bahamas has become an increasingly popular destination for non-Bahamians purchasing additional residential properties, whether as a second home or as part of a broader portfolio. As property owners,

The offices of GrahamThompson will be closed on Friday September 18th, as part of the firm’s annual staff appreciation observance

GrahamThompson Partner and Trusts & Estate expert, Tanya Hanna will be a featured panellist at this year’s Nassau Conference.

In Issue 2 of the article series DIR’s Panoramic Reach: Tax Assessments and Audit Powers, we ask the important question: How far back does the law allow the DIR to assess a taxpayer?

When Might the DIR Issue a VAT Assessment? Read the first issue in GT's tax articles series, DIR's Panoramic Reach: Tax Assessment Meets Audit Powers

On August 12, 2026 GrahamThompson will release the first issue of its new tax article series, "DIR's Panoramic Reach: Tax Assessment Meets Audit Powers"

The law firm of GrahamThompson (GT) received the Chambers High Net Worth (HNW) Guide’s top Band 1 ranking, in the recently released 2026 rankings.