Tax Overview in Bahamas

Tax overview 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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Key figures: Bahamas, 2025

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Standard tax/assessment year

Calendar year (1 January to 31 December) ((approx — confirm))Business Licence Act, 2023

Currency

Bahamian dollar (BSD), pegged 1:1 to the US dollarCentral Bank of The Bahamas Act

Principal tax authority

Department of Inland Revenue (DIR), Ministry of FinanceDepartment of Inland RevenueView source ↗

Basis of taxation

No tax on worldwide or domestic income of individuals; The Bahamas does not levy income tax on the basis of residence or sourcePwC Worldwide Tax Summaries — BahamasView source ↗

Headline personal income tax rate

0PwC Worldwide Tax Summaries — Bahamas (Individual)View source ↗

Headline corporate income tax rate

0% general rate; a 15% Domestic Minimum Top-up Tax applies only to in-scope large multinational groupsDomestic Minimum Top-Up Tax Act, 2024View source ↗

Does a VAT/GST exist?

Yes — Value Added Tax at a standard rate of 10%Value Added Tax Act, 2014View source ↗

Capital gains tax

None — there is no capital gains taxPwC Worldwide Tax Summaries — BahamasView source ↗

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The Bahamian tax system at a glance

The Bahamas is a no-direct-tax jurisdiction: there is no personal income tax, no general corporate income tax (other than the new Pillar Two minimum top-up tax for very large multinationals), and no capital gains, inheritance, estate, or gift tax. Government revenue comes mainly from VAT, customs/excise duties, business licence tax, real property tax, and stamp duty.

Standard tax/assessment year — Calendar year (1 January to 31 December) ((approx — confirm)) (Business Licence Act, 2023)
Currency — Bahamian dollar (BSD), pegged 1:1 to the US dollar (Central Bank of The Bahamas Act)
Principal tax authority — Department of Inland Revenue (DIR), Ministry of Finance (Department of Inland Revenue)
Basis of taxation — No tax on worldwide or domestic income of individuals; The Bahamas does not levy income tax on the basis of residence or source (PwC Worldwide Tax Summaries — Bahamas)
Headline personal income tax rate — 0 % (there is no personal income tax) (PwC Worldwide Tax Summaries — Bahamas (Individual))
Headline corporate income tax rate — 0% general rate; a 15% Domestic Minimum Top-up Tax applies only to in-scope large multinational groups % (Domestic Minimum Top-Up Tax Act, 2024)
Does a VAT/GST exist? — Yes — Value Added Tax at a standard rate of 10% % (Value Added Tax Act, 2014)
Capital gains tax — None — there is no capital gains tax (PwC Worldwide Tax Summaries — Bahamas)
Inheritance / estate / gift tax — None — there is no inheritance, estate, or gift tax (PwC Worldwide Tax Summaries — Bahamas)
Business licence renewal / return filing deadline — Renew by 31 January; business licence tax payable by 31 March each year (Business Licence Act, 2023)
Main payroll / social security remittance deadline — National Insurance contributions due by the 15th of the month following the contribution month (National Insurance Act)

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The Bahamian tax system at a glance

Standard tax/assessment year — Calendar year (1 January to 31 December) ((approx — confirm)) (Business Licence Act, 2023)

Currency — Bahamian dollar (BSD), pegged 1:1 to the US dollar (Central Bank of The Bahamas Act)

Principal tax authority — Department of Inland Revenue (DIR), Ministry of Finance (Department of Inland Revenue)

Basis of taxation — No tax on worldwide or domestic income of individuals; The Bahamas does not levy income tax on the basis of residence or source (PwC Worldwide Tax Summaries — Bahamas)

Headline personal income tax rate — 0 % (there is no personal income tax) (PwC Worldwide Tax Summaries — Bahamas (Individual))

Headline corporate income tax rate — 0% general rate; a 15% Domestic Minimum Top-up Tax applies only to in-scope large multinational groups % (Domestic Minimum Top-Up Tax Act, 2024)

Does a VAT/GST exist? — Yes — Value Added Tax at a standard rate of 10% % (Value Added Tax Act, 2014)

Capital gains tax — None — there is no capital gains tax (PwC Worldwide Tax Summaries — Bahamas)

Inheritance / estate / gift tax — None — there is no inheritance, estate, or gift tax (PwC Worldwide Tax Summaries — Bahamas)

Business licence renewal / return filing deadline — Renew by 31 January; business licence tax payable by 31 March each year (Business Licence Act, 2023)

Main payroll / social security remittance deadline — National Insurance contributions due by the 15th of the month following the contribution month (National Insurance Act)