Bahamas » Taxes

Bahamas has no capital transfer tax, purchase or sales tax, capital gains tax, VAT or income tax. The employees in Bahamas pay national insurance contributions, and there is stamp duty on property and mortgage transactions, and a tax on real property; customs duties are relatively high on the majority of imported commodities.

Real Estate Tax

Real Estate Tax

Owner-occupied property

• Up to 250,000: Nil
• 250,001 - 500,000: 0.75
• Over 500,000: 1.0% (max $35,000)

Other property

• Up to $500,000: 1.0%
• Over $500,000: 2.0%
• Unimproved property in New Providence: 3.0%