Compliance
CoralLedger Comply helps you maintain VAT compliance with real-time monitoring, AI-powered intelligence, and comprehensive dashboards.
Why Compliance Matters
Non-compliance with Bahamas VAT regulations can result in:
- Penalties - Up to 200% of unpaid VAT (VAT Act Section 61)
- Interest - 5% monthly on late payments
- Audits - Increased scrutiny from DIR
- License Issues - Business license complications
Compliance Features
Real-Time Scoring
Your compliance score (A+ to F) is calculated from:
- Data Quality (30%)
- Timeliness (25%)
- Accuracy (25%)
- Completeness (20%)
Intelligence Dashboard
AI-powered analysis including:
- Period-aware compliance grading
- Penalty risk assessment
- Data quality scoring
- Vendor intelligence
- Entropy analysis for data consistency
Anomaly Detection
Our system flags potential issues:
- Statistical outlier detection
- Unusual transaction patterns
- Category inconsistencies
- Duplicate transactions
2025 VAT Reform Dashboards
Dedicated dashboards for new regulations:
- Construction VAT - $1M threshold tracking
- Refund Eligibility - 50% zero-rated rule monitoring
- Bad Debt Relief - 12-month debt tracking
- Tax Savings - Recovery opportunity detection
Alerts
Receive notifications for:
- Upcoming filing deadlines
- Detected anomalies
- Score changes
- Penalty risk increases
Compliance Best Practices
- Import transactions weekly - Stay current with your data
- Review categories monthly - Ensure accuracy
- Check Intelligence Dashboard - Monitor AI insights
- Address alerts promptly - Don't let issues accumulate
- File on time - Before the 28th deadline