Source-cited draft: tax overview for Bahamas (tax year 2025) — rates, thresholds and rules with primary-source citations. Unverified; pending local-accountant review.
Source-cited draft.Written from sources but not reviewed by a licensed practitioner, so it may be incomplete or wrong. General reference only; don't file or take a position on it without professional review.
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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 ↗
Inheritance / estate / gift tax
None — there is no inheritance, estate, or gift taxPwC Worldwide Tax Summaries — BahamasView source ↗
Business licence renewal / return filing deadline
Renew by 31 January; business licence tax payable by 31 March each yearBusiness Licence Act, 2023View source ↗
Main payroll / social security remittance deadline
National Insurance contributions due by the 15th of the month following the contribution monthNational Insurance ActView source ↗
Rendered from the canonical facts model. General reference only — confirm with a qualified professional before acting.
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.
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Other Bahamas computations in the OpenAccountants Tax Library.