Americas

Bahamas

Corporate rate
0%
Top personal rate
0%
VAT / GST rate
10%
One-sentence summary Bahamas's corporate tax position: 0% - no corporate income tax. Personal income tax: 0% - no personal income tax. VAT/consumption tax: 10% standard rate.

Corporate Tax Rate

0% - the Bahamas has no corporate income tax.

Personal Tax Rate

0% - the Bahamas has no personal income tax.

VAT / GST Rate

10% standard rate.

Residency

The Bahamas imposes no personal income tax, no capital gains tax, no inheritance tax, and no wealth tax on individuals - so "residency" has limited direct-tax significance for individuals in the way it does elsewhere; it matters primarily for immigration status, economic substance compliance, and treaty/CRS reporting purposes. A commonly cited practical threshold is at least 90 days present in the Bahamas in a calendar year combined with no more than 183 days in any other single country, though this is an immigration-program-linked guideline rather than a domestic income tax residency test (since there's no personal income tax base to apply it to). A company is resident if incorporated, created, or organized in the Bahamas.

CFC (Controlled Foreign Company) Rules: No

The Bahamas has no CFC regime or equivalent - confirmed by both GSL's tax summary and the Legal 500 Bahamas tax guide.

Thin Capitalization

The Bahamas has no thin capitalization rules and no specific transfer pricing methods approved in legislation; there is also no general anti-avoidance rule, though anti-avoidance provisions exist scattered within specific tax legislation and are not commonly litigated.

Foreign Bank Account / Foreign Financial Asset Reporting

The Bahamas itself has no domestic FBAR/Form 8938-equivalent requiring Bahamian residents to self-report their own foreign accounts to Bahamian authorities. Important distinction: this is separate from the obligation US citizens and Green Card holders living in the Bahamas have to the US government - they must still file FinCEN Form 114 (FBAR) reporting Bahamian (and other foreign) accounts if the aggregate value exceeds USD 10,000 at any point in the year, and potentially Form 8938, regardless of Bahamian domestic law. The Bahamas signed a FATCA Model 1 intergovernmental agreement with the US and has participated in the OECD Common Reporting Standard (CRS) since 2018 (institutional financial-institution-to-tax-authority reporting), though the Bahamas has not signed the OECD's Multilateral Instrument (MLI) as of the most recent verification.

Treaty Network

The Bahamas has no comprehensive income tax treaty with the United States, and the Bahamas imposes no withholding tax on dividends, interest, or royalties regardless - so treaty absence doesn't increase withholding costs the way it would in a jurisdiction with domestic withholding taxes. The Bahamas's overall treaty network is limited given its tax-neutral structure; confirm current treaty partners directly with Bahamian tax authorities for any specific cross-border matter. Since 2024, the Bahamas has applied a 15% Pillar Two top-up tax targeting qualifying large multinational enterprise groups.

Source: PwC Worldwide Tax Summaries - Bahamas (secondary compilation, cited per jurisdiction). Rates last reviewed by PwC: 21 July 2026. Page last verified: August 07, 2026. General information only - confirm current rates and any specific position with a licensed advisor in this jurisdiction before relying on this page.