What are the Bahamas corporate tax rate and Bahamas withholding tax rate?

Businesses in the Bahamas are not subject to corporation or withholding taxes. Business license fees, stamp duty, property tax, and import tariff are all taxes that influence businesses. The majority of offshore or non-resident entities are free from business license fees and stamp duty. The government charges corporate entities fees for incorporation or registration.

On June 4th 2021, the G7 leaders decided to support proposals to overhaul the global tax system by introducing a worldwide minimum corporate tax rate of 15% for multinational corporations. However, the Bahamas maintains its sovereign right to select the appropriate tax system for the country's long-term growth.