Following negotiations which took place on 1 and 2 November, last week, the Government of Japan and the Government of The Bahamas, have reached agreement in principle on an Agreement for the exchange of information on taxes and for the allocation of rights of taxation with respect to income of individuals.
This Agreement includes provisions for exempting tax at source for certain individuals such as pension income.
As is customary with international treaties of this nature, the Agreement will be signed after both Governments have completed their respective internal procedures.
Japan is a member of both the G20 group of countries, as well as the OECD.
Source: Bahamas Ministry of Finance
