Terms of Service
Last Updated: January 1, 2026
Welcome to CoralLedger Comply. These Terms of Service ("Terms") govern your access to and use of our VAT compliance management platform. By accessing or using CoralLedger Comply, you agree to be bound by these Terms.
By creating an account, accessing, or using CoralLedger Comply ("the Service"), you acknowledge that you have read, understood, and agree to be bound by these Terms of Service and our Privacy Policy.
If you are using the Service on behalf of an organization, you represent and warrant that you have the authority to bind that organization to these Terms, and your agreement to these Terms will be treated as the agreement of that organization.
We reserve the right to modify these Terms at any time. We will notify you of any changes by posting the new Terms on this page and updating the "Last Updated" date. Your continued use of the Service after such changes constitutes your acceptance of the new Terms.
CoralLedger Comply is a cloud-based VAT compliance management platform designed specifically for businesses operating under The Bahamas VAT Act, 2014. Our Service provides:
Transaction import and categorization
VAT calculation and validation
VAT return preparation and filing
Compliance monitoring and reporting
Data quality analysis and improvement
Disclaimer: CoralLedger Comply is a compliance management tool and does not constitute legal, tax, or accounting advice. You are responsible for ensuring the accuracy and completeness of all data submitted through the Service and for complying with all applicable laws and regulations.
3.1 Account Registration
To use CoralLedger Comply, you must create an account by providing accurate, complete, and current information. You are responsible for:
Maintaining the confidentiality of your account credentials
All activities that occur under your account
Notifying us immediately of any unauthorized access or security breaches
Providing accurate business information, including TIN and VAT registration numbers
3.2 Account Types
CoralLedger Comply offers three account types:
Business Account: For individual businesses managing their own VAT compliance
Accounting Firm Account: For accounting firms managing multiple client businesses
Team Member Account: For employees or accountants invited to access a business account
3.3 Data Accuracy
You represent and warrant that all data you submit to the Service is accurate, complete, and compliant with applicable laws. CoralLedger is not responsible for errors or omissions in data you provide, or for any penalties or damages resulting from inaccurate data.
You agree to use CoralLedger Comply only for lawful purposes and in accordance with these Terms. You agree NOT to:
Use the Service in any way that violates any applicable law or regulation
Submit false, misleading, or fraudulent information
Attempt to gain unauthorized access to any portion of the Service
Interfere with or disrupt the Service or servers or networks connected to the Service
Use the Service to transmit viruses, malware, or any other malicious code
Reverse engineer, decompile, or disassemble any portion of the Service
Use the Service to compete with CoralLedger or to build a similar product
Share your account credentials with unauthorized third parties
Violation of this Acceptable Use Policy may result in immediate termination of your account without refund.
5.1 CoralLedger's Intellectual Property
The Service, including its software, algorithms, user interface, design, content, and documentation, is owned by CoralLedger and is protected by international copyright, trademark, patent, trade secret, and other intellectual property laws.
Subject to your compliance with these Terms, we grant you a limited, non-exclusive, non-transferable, revocable license to access and use the Service for your internal business purposes only.
5.2 Your Content
You retain all ownership rights to the data you submit to the Service ("Your Content"). By uploading Your Content, you grant us a limited license to:
Store, process, and display Your Content to provide the Service
Create backups and archives for data protection purposes
Use anonymized, aggregated data for analytics and service improvement
We will never sell Your Content or share it with third parties except as required by law or with your explicit consent.
Your use of CoralLedger Comply is subject to our Privacy Policy, which describes how we collect, use, and protect your personal information and business data.
Data Security: We implement industry-standard security measures to protect your data, including:
256-bit AES encryption for data at rest
TLS 1.3 encryption for data in transit
Multi-tenant data isolation
Regular security audits and penetration testing
Access controls and audit logging
Data Retention: We retain your data for as long as your account is active or as needed to provide you services. You may request deletion of your data at any time, subject to legal and regulatory retention requirements (7 years under Bahamas VAT Act).
CoralLedger Comply is currently in development and may be offered as a free service during the beta period. Once commercially launched, subscription fees will apply.
Future Pricing: We will provide at least 30 days' notice before implementing any subscription fees. If you do not wish to pay subscription fees, you may terminate your account before the fees take effect.
Refund Policy: Once established, our refund policy will be clearly communicated. Generally, subscription fees are non-refundable except as required by law.
8.1 Service Provided "AS IS"
THE SERVICE IS PROVIDED "AS IS" AND "AS AVAILABLE" WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR NON-INFRINGEMENT.
8.2 No Tax or Legal Advice
CoralLedger Comply is a compliance management tool and does NOT provide tax, legal, or accounting advice. You should consult with qualified professionals for advice specific to your situation.
8.3 Limitation of Damages
TO THE MAXIMUM EXTENT PERMITTED BY LAW, CORALLEDGER SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, INCLUDING BUT NOT LIMITED TO:
Loss of profits, revenue, or business opportunities
Loss of data or inability to access data
VAT penalties, interest, or fines imposed by government authorities
Damages resulting from errors or omissions in your submitted data
Our total liability to you for any claims arising from your use of the Service shall not exceed the amount you paid to us in the 12 months preceding the claim, or $100 USD if no fees were paid.
You agree to indemnify, defend, and hold harmless CoralLedger, its officers, directors, employees, and agents from and against any claims, liabilities, damages, losses, and expenses, including reasonable attorneys' fees, arising out of or in any way connected with:
Your access to or use of the Service
Your violation of these Terms
Your violation of any law or regulation
Your violation of any third-party rights
Any inaccurate or incomplete data you submit to the Service
10.1 Termination by You
You may terminate your account at any time by contacting us at support@coralledger.com. Upon termination, you will lose access to the Service and your data will be deleted according to our data retention policy.
10.2 Termination by Us
We may suspend or terminate your access to the Service immediately, without prior notice, if:
You violate these Terms or our Acceptable Use Policy
Your account has been inactive for more than 120 days
We suspect fraudulent, abusive, or illegal activity
Payment for subscription fees is past due (once applicable)
10.3 Effect of Termination
Upon termination, your right to use the Service will cease immediately. We will provide you with a 30-day grace period to export your data before permanent deletion, except in cases of termination for cause (fraud, abuse, or illegal activity).
11.1 Governing Law
These Terms shall be governed by and construed in accordance with the laws of The Commonwealth of The Bahamas, without regard to its conflict of law provisions.
11.2 Dispute Resolution
Any disputes arising from these Terms or your use of the Service shall be resolved through:
Informal Negotiation: Contact us at support@coralledger.com to resolve disputes informally
Mediation: If informal negotiation fails, disputes may be submitted to mediation in Nassau, Bahamas
Arbitration: If mediation fails, disputes shall be resolved by binding arbitration in Nassau, Bahamas
11.3 Jurisdiction
You agree to submit to the personal and exclusive jurisdiction of the courts located in Nassau, Bahamas to resolve any dispute or claim arising from these Terms.
We reserve the right to modify these Terms at any time. When we make changes, we will:
Update the "Last Updated" date at the top of this page
Notify you via email if the changes are material
Provide at least 30 days' notice for material changes that affect your rights
Your continued use of the Service after the effective date of the revised Terms constitutes your acceptance of the changes. If you do not agree to the modified Terms, you must stop using the Service.
13.1 Entire Agreement
These Terms, together with our Privacy Policy, constitute the entire agreement between you and CoralLedger regarding your use of the Service.
13.2 Severability
If any provision of these Terms is found to be invalid or unenforceable, the remaining provisions shall remain in full force and effect.
13.3 Waiver
Our failure to enforce any right or provision of these Terms shall not be deemed a waiver of such right or provision.
13.4 Assignment
You may not assign or transfer these Terms or your rights under these Terms without our prior written consent. We may assign these Terms without restriction.
13.5 Force Majeure
We shall not be liable for any failure to perform our obligations under these Terms where such failure results from causes beyond our reasonable control, including but not limited to natural disasters, war, terrorism, riots, embargoes, acts of civil or military authorities, fire, floods, accidents, pandemics, network infrastructure failures, strikes, or shortages of transportation, facilities, fuel, energy, labor, or materials.
Questions About These Terms?
If you have any questions about these Terms of Service, please contact us:
Email: support@coralledger.com
Phone: +1 (242) 555-0100
Address: 123 Bay Street, Nassau, Bahamas