Bahamas, The

Paying Taxes in

Bahamas, The

Below is a detailed summary of the taxes and mandatory contributions that a medium-size company must pay or withhold in a given year, as well as measures of administrative burden in paying taxes.

This information was collected as part of the Doing Business project, which measures and compares regulations relevant to the life cycle of a small- to medium-sized domestic business in 189 economies. The most recent round of data collection was completed in December 2012.

Compare Bahamas, The to 188 other economies.

Tax or mandatory contribution Payments (number) Notes on Payments Time (hours) Statutory tax rate Tax base Total tax rate (% profit) Notes on TTR
Business license fee 1 10 1.5% or $500,000 turnover or flat fee (whichever is greater) 33.0
Employer paid - Social security contributions 12 48 5.9% gross salaries 6.1
Stamp duty 1 10% sale price 5.1
Property tax 1 1% and 2% market value of property 1.6
Land Tax 1 $100 or 1.5% if land value is higher than $7000 market value of land 0.8
Vehicle tax 1 $195-745 variable 0
Fuel tax 1 included into fuel price .. small amount
Totals: 18 58 46.6

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