Bahamas - Overview and introduction

Bahamas - Overview and introduction

Taxation of international executives

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The Bahamas has no income, company, capital gains, wealth, succession, or gift taxes. The only direct taxes are value added tax (VAT), real property tax and license fees. The majority of the tax revenue in the Bahamas is derived from VAT, import and excise duties, stamp duties, casino tax, and license fees. Value Added Tax came into effect on 1st January, 2015.

The official currency of the Bahamas is the Bahamian Dollar (BSD).

Herein, the host country refers to the country to which the employee is assigned. The home country refers to the country where the assignee lives when he/she is not on assignment.

© 2016 KPMG, the Bahamas partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

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