Taxation in the Bahamas

Taxation in the Bahamas is collected by the Government of the Bahamas. The Bahamas are considered a tax haven given the lack of income tax, capital gains tax, inheritance tax or company tax. Government tax revenue is instead derived from consumption, property and import taxes as well as licence fees.

The country's lack of income and corporate profit taxes has seen it become a popular drawcard for high net-worth individuals moving to the Bahamas and becoming residents for tax purposes to avoid high taxes in their home countries, including a number of high profile people such as Eugenie Bouchard and Sean Connery. Tax residency certificates are issued to individuals who spend at least 90 days in the Bahamas and under 184 days in any other single country and purchase a property worth in excess of $1.5 million.

Tax revenues made up 22.4% of gross domestic product (GDP) in the Bahamas in 2016. The Bahamas has not entered into any double tax agreements.

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