Bahamas, The

Paying Taxes in

Bahamas, The

Listed 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.

The information appearing on this page 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 183 economies. The most recent round of data collection for the project was completed in December 2010.

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To see indicator data for all economies, see the Paying Taxes page. To see how economies rank, see the Rankings page.

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 BSD 500,000 turnover or flat fee (whichever is greater) 33
Social security contributions 12 48 5.9% gross salaries 6.1
Stamp duty 1 10.0% sale price 5.1
Property tax 1 1 and 2% market value of property 1.6
Fuel tax 1 27.5% + 7% stamp on all fuels diesel fuel 1.2
Land Tax 1 BSD 100 0r 1.5% if land value is higher than BSD 7000 market value of land 0.8
Vehicle tax 1 BSD 745 variable 0
Totals: 18 58 47.7
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