None.
None.
There are no CFC rules in place.
VAT is paid at the rate of 10%.
None.
The employer and the employee pay social security contributions on employment remuneration.
The general rate is 9,8%, of which 3,9% is payable by the employee and 5,9% by the employer.
These contributions do not apply to earnings exceeding BSD 710 per week.
The tax is charged on the market value of the property at rates depending on the type and value of the property.
Stamp duty is levied on BAHAMA immovable property rentals on the amount of the annual rent.
Fees are also levied in relation to other immovable property transactions, as well as in relation to certain other transactions.
The Bahamas has 33 Tax Information Exchange Agreements (TIEAs) with the following jurisdictions:
33 TIEAs: Australia, Argentina, Belgium, Canada, China, Georgia, Germany, Greenland, Guernsey, Czech Republic, Denmark, Iceland, India, Indonesia, Ireland, Spain, Malta, Mexico, Monaco, Netherlands, New Zealand, Norway, Poland, Republic of Korea, San Marino, United Kingdom, USA, Faroe Islands, Finland, France, South Africa, Sweden, Japan.
BEPS MLI: The Bahamas has not yet signed the Multilateral Convention to Implement Tax Treaty-Related Measures to Prevent Base Erosion and Profit Shifting (MLI).
CRS MCAA: On December 13, 2017, the Bahamas signed the Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information (CRS MCAA), under which the Bahamas receives information from its financial institutions and automatically exchanges this information with other jurisdictions on an annual basis. The automatic exchange began in September 2018.
CbC MCAA: On December 10, 2018, the Bahamas signed the Multilateral Competent Authority Agreement on the Exchange of Country-by-Country Reports (CbC MCAA), under which Bahamian banks collect and transmit foreign resident account data to their country's tax authorities, which then automatically exchange this information with the tax authorities of other participating countries.
CARF-MCAA: The Bahamas also signed the Multilateral Competent Authority Agreement on Automatic Exchange of Information pursuant to the Crypto-Asset Reporting Framework (CARF-MCAA) on November 19, 2024, which provides for the submission of tax information on crypto-asset transactions on a standardized basis for the purpose of automatically exchanging such information.
The Bahamas has foreign exchange controls and certain restrictions, in particular on foreign exchange transactions for residents and on transactions in Bahamian dollars for non-residents.
There are special rules for making foreign exchange transactions.