Corporate income tax for Bahamas (tax year 2025) — rates, thresholds and rules with primary-source citations. Unverified; pending local-accountant review.
Bahamas · tax year 2025 · changed 25 Jun 2026
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General corporate income tax rate
0%PwC Worldwide Tax Summaries — Bahamas (Corporate) (https://taxsummaries.pwc.com/the-bahamas/corporate/taxes-on-corporate-income)
Withholding tax on dividends, interest, royalties
0%PwC Worldwide Tax Summaries — Bahamas (Corporate) (https://taxsummaries.pwc.com/the-bahamas/corporate/withholding-taxes)
Domestic Minimum Top-up Tax rate
15%Domestic Minimum Top-Up Tax Act, 2024 (https://opm.gov.bs/bahamascitpillar2/)
In-scope groups
Multinational enterprise (MNE) groups with consolidated global revenue of EUR 750 million or more in at least two of the four fiscal years immediately preceding the tested yearDomestic Minimum Top-Up Tax Act, 2024 (https://opm.gov.bs/wp-content/uploads/2024/08/Introduction-of-a-Domestic-Minimum-Top-Up-Tax-in-the-Bahamas.pdf)
Effective date / first in-scope fiscal year
Applies to fiscal years beginning on or after 1 January 2025 (Act effective for fiscal years beginning after 31 December 2023, with constituent entities generally first captured from 1 January 2025)Domestic Minimum Top-Up Tax Act, 2024 (https://higgsjohnson.com/the-domestic-minimum-top-up-tax-act/)
Tax base
GloBE income (Pillar Two model rules) of in-scope constituent entities, computed per the OECD GloBE rules with the substance-based income exclusion ((approx — confirm))Domestic Minimum Top-Up Tax Act, 2024 (https://oecdpillars.com/a-review-of-the-bahamas-pillar-2-domestic-minimum-tax/)
Interaction with business licence tax
Entities subject to the DMTT receive a credit for business licence tax paid, per the Business Licence (Amendment) Act, 2025 (deemed in operation from 1 January 2024)Business Licence (Amendment) Act, 2025 (https://www.legal500.com/developments/thought-leadership/the-domestic-minimum-top-up-tax-act-2024/)
DMTT registration / filing
In-scope groups must register and file a GloBE Information Return / top-up tax return with the competent authority; specific deadlines set by regulation (confirm current filing dates) ((approx — confirm))Domestic Minimum Top-Up Tax Act, 2024 (https://opm.gov.bs/bahamascitpillar2/)
There is no general corporate income tax in The Bahamas. Companies instead pay an annual business licence tax measured on turnover (covered separately) plus VAT, customs duties, stamp duty, and real property tax where applicable. Since 2024 a 15% Domestic Minimum Top-up Tax applies, but only to in-scope large multinational enterprise groups.
The Domestic Minimum Top-Up Tax Act, 2024 implements the OECD/G20 Pillar Two global minimum tax. It applies a 15% effective minimum tax only to constituent entities of in-scope multinational groups; ordinary Bahamian companies remain outside its scope.
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