Top income tax
None
None system
Corporate tax
None
VAT
10.0%
standard rate
Tax residency
—
Bahamas tax profile
Data year: 2026
- Tax system
- None No personal income tax, corporate income tax (for ordinary businesses), capital gains tax, or withholding tax on dividends, interest or royalties. Government revenue comes mainly from VAT, customs duties, stamp duty, business licence fees on turnover, real property tax, and excise levies. National Insurance contributions apply to employed and self-employed persons.
- Top PIT rate
- No Income Tax
- Corporate tax rate
- No Corporate Tax
- VAT
- 10.0%
- Capital gains tax
- No Capital Gains Tax
- Social security (employee)
- 4.7%
- Social security (employer)
- 6.7%
- Social security cap (annual)
- BSD 43,160
- Dividend withholding
- 0.0%
- Interest withholding
- 0.0%
- Royalty withholding
- 0.0%
- Treaty count
- Treaty count not recorded
Tax residency
- Residency rules
- With no income tax, tax residence has little direct effect on personal taxation; other obligations (business licence, VAT registration, NIB, property tax) depend on activity and status. Permanent residence and investor programmes are separate from the tax code.
- Exit tax
- No
- CFC rules
- No
Filing information
- Fiscal year
- 07-01 – 06-30
Sources
- PwC Bahamas Tax Summary (accessed Oct 9, 2026) No PIT/CIT/CGT/WHT; VAT 10%; NIB rates and weekly ceiling; DMTT for in-scope MNE groups
- National Insurance Board — contributions (accessed Oct 9, 2026) Employee 4.65%, employer 6.65%; insurable wage ceiling
- Value Added Tax (Amendment) Act, 2026 (accessed Oct 9, 2026) Exempts qualifying unprepared food in food stores from 1 April 2026
- Ministry of Finance — TIEAs (accessed Oct 9, 2026) No income-tax DTAs; TIEA network for exchange of information