Americas · Tax guide
Bahamas
The Bahamas has no corporate income tax (0%) and no personal income tax, and raises most of its revenue from VAT at 10%. Large multinational groups now pay a domestic minimum top-up tax, and taxes are administered by the Department of Inland Revenue.
At a glance
- Corporate income tax
- 0%
- VAT
- 10%
- VAT registration
- B$100,000
- Withholding on payments abroad
- 0%
Minimum tax for large groups
Standard rate
Annual turnover
None
No income tax
The Bahamas charges no corporate or personal income tax. Businesses pay an annual business licence fee based on turnover instead. Groups within the OECD Pillar Two rules pay a domestic minimum top-up tax.
VAT
VAT is 10%, with a lower rate on some food. Registration is required once annual turnover exceeds B$100,000. Returns are filed monthly or quarterly by the 28th.
Key dates
- By the 28thVAT return
- AnnuallyBusiness licence renewal
Figures and sources
4 figures- Corporate income tax rate0%Under professional review
- VAT rate10%Under professional review
- Annual turnover above which VAT registration is requiredB$100,000Under professional review
- Withholding on payments to non-residents0%Under professional review
Indicative only. This assessment is a high-level overview of tax obligations in Bahamas based on the information you provided and rules in force for 2026. It is not tax or legal advice. Consult a qualified tax adviser in Bahamas (a Bahamian tax adviser) before making compliance decisions.