Bs Tax Overview

---
name: bs-tax-overview
description: "Source-cited draft: tax overview for Bahamas (tax year 2025) — rates, thresholds and rules with primary-source citations. Unverified; pending local-accountant review."
license: "AGPL-3.0-or-later (code) / OpenAccountants Guide License v1.0 (content)"
metadata:
  source: openaccountants
  openaccountants_url: "https://www.openaccountants.com/skills/bs-tax-overview"
  jurisdiction: "BS"
  tax_year: "2025"
  last_updated: "2026-07-13"
---

# Bahamas Tax Overview

## 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](https://inlandrevenue.finance.gov.bs/))_
- **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](https://taxsummaries.pwc.com/the-bahamas))_
- **Headline personal income tax rate** — 0 % (there is no personal income tax)  _([PwC Worldwide Tax Summaries — Bahamas (Individual)](https://taxsummaries.pwc.com/the-bahamas/individual/taxes-on-personal-income))_
- **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](https://taxsummaries.pwc.com/the-bahamas/corporate/taxes-on-corporate-income))_
- **Does a VAT/GST exist?** — Yes — Value Added Tax at a standard rate of 10% %  _([Value Added Tax Act, 2014](https://taxsummaries.pwc.com/the-bahamas/individual/other-taxes))_
- **Capital gains tax** — None — there is no capital gains tax  _([PwC Worldwide Tax Summaries — Bahamas](https://taxsummaries.pwc.com/the-bahamas/individual/other-taxes))_
- **Inheritance / estate / gift tax** — None — there is no inheritance, estate, or gift tax  _([PwC Worldwide Tax Summaries — Bahamas](https://taxsummaries.pwc.com/the-bahamas/individual/other-taxes))_
- **Business licence renewal / return filing deadline** — Renew by 31 January; business licence tax payable by 31 March each year  _([Business Licence Act, 2023](https://www.mof.gov.bs/about-business-licence-and-real-property-tax))_
- **Main payroll / social security remittance deadline** — National Insurance contributions due by the 15th of the month following the contribution month  _([National Insurance Act](https://www.nib-bahamas.com/about-nib/contributions/))_

## Today's figures and who stands behind this skill

This file is an AI skill (tax rules your AI follows) from OpenAccountants, copied on 2026-07-13. Rates, thresholds and deadlines change. For the current version of this skill, its official sources and the named accountant (if any) who stands behind it, call `get_skill` with slug `bs-tax-overview` on the OpenAccountants connector (https://www.openaccountants.com/connect), or read https://www.openaccountants.com/skills/bs-tax-overview. If neither is available, confirm every figure against the official source pages cited above before relying on it.