Taxation of international executives
A work permit is required to take up residency.
Normal payroll requirements apply except that exchange control approval is required to remit a portion of salary to the home country.
No income tax; however, the social security deducations are applied up to BSD32,240 of income.
Are there any additional considerations that should be considered before initiating a short-term assignment in the Bahamas?
Consult prospective employer for documents required to be submitted with work permit application.
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