For those considering moving to Bahamas
There are often a number of factors to consider when contemplating a new domicile. Taxes may be one of them. We can provide you with an overview of the most basic personal taxation rules in Bahamas.
0
Income tax
0
Wealth tax
Overview of personal taxation in Bahamas
Which types of income are taxable in Bahamas?
Bahamas does not have personal income tax.
Is there wealth tax in Bahamas?
Bahamas does not levy wealth tax.
When must the tax return be filed in Bahamas?
There is no obligation to file a personal tax return in the Bahamas, as there is no personal income tax.
What is the name of the tax authority in Bahamas?
The name of the tax authority in Bahamas is the Department of Inland Revenue.
How many countries does Bahamas have tax treaties with?
Bahamas has no tax treaties with other countries, apart from several dozen tax information exchange agreements.
Is there property tax in Bahamas?
Bahamas has property tax. Rates vary depending on various factors and are assessed based on the value of the property.
Contact
Atle Melø
Partner
amelo@melo.no
+47 951 80 979
Our tax partner in Bahamas
Through our unique global partnership with Higghs & Johnson we are able to work together with local lawyers and advisers in questions regarding domestic tax rules and other legislation in Bahamas.
