Bahamas Tax Guide
This page includes citations to the sources used for this entry. Always verify with official sources before making decisions.
Personal Income Tax
Tax Residency
Income Tax Rates
Foreign Income Treatment
Investment Income
No capital gains tax
Wealth & Inheritance
Practical Notes
12% VAT on goods and services. Property taxes on luxury homes. Residency available through real estate investment.
Business & Corporate Tax
Corporate Income Tax
Withholding Taxes
VAT / GST
Compliance & Substance
Notable Regimes
- Zero tax regime
- QDMTT for large MNEs
Data Sources
Last updated: January 2025. Always verify with official sources before making decisions.
FAQ
What is the personal income tax rate in Bahamas?
Bahamas has a top personal income tax rate of 0%. The tax structure is: No personal income tax. See the detailed breakdown above and verify with official sources.
Do I need to pay tax on foreign income in Bahamas?
Bahamas uses a exempt system for foreign income. No tax on personal income of any kind
What are the residency requirements for Bahamas?
Tax residency in Bahamas generally requires 183 days of physical presence. 183 days required for tax residency; permanent residency available through investment. Always verify current rules with official sources.
Is there a wealth tax in Bahamas?
No, Bahamas does not have a wealth tax. No wealth tax
What is the corporate tax rate in Bahamas?
The corporate tax rate in Bahamas is 0%. No corporate income tax; 15% QDMTT for large MNEs effective 2025