The Bahamas Personal income tax brackets
The Bahamas Personal income tax brackets: no single figure applies. The reason is set out below, cited to the governing instrument. Last checked against the official source on 23 Jul 2026.
Statutory personal income tax rate schedule for resident individuals. STRUCTURAL NULL: The Bahamas levies no personal income tax, so there is no rate schedule.
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| Current value | no single figure |
|---|---|
| In force from | — |
| Official source | Ministry of Finance, Government of The Bahamas — 'Green Paper on Corporate Income Tax Strategies for The Bahamas' (May 2023), design-features discussion: 'Since no form of personal income tax exists in The Bahamas, there is a potential risk for some owner managed businesses to minimise their CIT liability by opting for increased salaries (which is not taxed and would potentially be a deductible expense for CIT purposes) rather than receiving distributions from the post-CIT earnings of the business' |
| Last verified | 2026-07-23 |
| Verification | primary — No verification limitation recorded — read from the official source cited. |
| Provenance | source fingerprint |
What this value means
NULL POSITIVELY ESTABLISHED. The cited sentence is the Ministry of Finance stating in its own consultation paper that 'no form of personal income tax exists in The Bahamas' — and stating it not as a boast but as a technical PROBLEM it would have to design around if a corporate income tax were introduced (owner-managers would convert profit into untaxed salary). That is about as unambiguous an official confirmation as a negative can get. There is no Income Tax Act, no personal allowance, no bracket schedule, no PAYE income-tax withholding, and no annual individual income-tax return. This applies to residents and non-residents alike, and to employment income, self-employment income, investment income, dividends, interest and capital gains. DO NOT SUBSTITUTE THE LOOKALIKES. Bahamian employees do have compulsory payroll deductions, and these are frequently miscopied into 'income tax' fields by aggregators: NATIONAL INSURANCE CONTRIBUTIONS under the National Insurance Act (employee 3.9% / employer 5.9% of insurable wage, subject to a ceiling) are SOCIAL SECURITY CONTRIBUTIONS to a contributory benefit scheme, not a tax on income, and carry no progressive schedule. Likewise stamp duty, real property tax, VAT (10%) and customs import duties are not personal income taxes. The 15% Domestic Minimum Top-Up Tax reaches only in-scope multinational enterprise groups (EUR 750m+ consolidated revenue with cross-border presence) and touches no individual. NOTHING PENDING FOR INDIVIDUALS. The 2023 Green Paper consulted only on CORPORATE income tax; the Office of the Prime Minister's August 2024 DMTT paper says of a broader income-tax system that 'More time is needed to evaluate the merits'. No personal income tax has been proposed, tabled or enacted as at 23 July 2026. If a future brief claims a Bahamian personal income tax rate, treat it as wrong until a gazetted Act says otherwise. ACCESS: the Green Paper PDF is served from cdn.bahamas.gov.bs and fetches cleanly with a normal user agent and a text layer, unlike www.bahamas.gov.bs (HTTP 403 to scripted fetchers).
Get it programmatically
curl https://usaref.dev/v1/bs/income-tax
# $0.005 per call — x402 on Base (USDC). No key, no signup.
# History: curl https://usaref.dev/v1/bs/income-tax/history?from=2020-01-01
# Provenance: curl https://usaref.dev/provenance/bs/income-taxOther The Bahamas series: Central Bank of The Bahamas Discount Rate (Bank Rate) · VAT standard rate · VAT registration threshold · National minimum wage (weekly) · Public holidays · CPI inflation (year-on-year) · Corporate income tax rate · Withholding tax rates · Statutory interest on judgment debts · Statutory social-insurance contributions
The same figure elsewhere: United States · Canada · Costa Rica · Dominican Republic · El Salvador · all 10