GSL / International Taxation / Bahama Islands

Bahama Islands tax system - taxation of bahamian companies and individuals: VAT, income tax and capital gains. Tax treaties of Bahamas.

Service packages Legislation Tax System Audit Services

Taxes of Bahamas

No
Сorporate tax
No
Capital gains tax
10%
VAT
0% (dividend), 0% (interest), 0% (royalty)
Withholding tax
No
Exchange control

info
Basic taxes (briefly)

Personal tax
No
Corporate tax (in detail)
Companies in the Bahamas are not subject to direct taxes
Capital gains tax. Details
There is no capital gains tax in Bahamas
VAT. Details
VAT is paid at the rate of 10%
Other taxes
Social contributions, Property taxes
Government fee
Stamp duty
Yes

Personal Income Tax

None.

Corporate Income Tax

None.

CFC Rules

There are no CFC rules in place.

VAT

VAT is paid at the rate of 10%.

Withholding Tax

None.

Social Security Contributions

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.

Property Tax

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.

International tax treaties

The Bahamas has 22 Tax Information Exchange Agreements (TIEAs) with the following jurisdictions:

22 TIEAs: Australia, Argentina, Belgium, Great Britain, Greenland, Denmark, Iceland, Spain, Canada, China, Mexico, Monaco, Netherlands, New Zealand, Norway, San Marino, USA, Faroe Islands, Finland, France, Sweden, Japan.

Exchange Control

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.

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