DoubleTaxationTaxes on salary: Bahamas preliminary data
How much income tax and social contributions are paid on a salary in Bahamas, what a sole proprietor and a company pay, and which special regimes exist. Preliminary data.
Preliminary data: headline rates from official sources and bulletins of international organisations, without reliefs or special rules; being refined.
Calculation for a gross salary of €60,000 per year
| Gross salary | BSD 70,326 ≈ €60,000 |
|---|---|
| Employee contributions | BSD 1,501 ≈ €1,280 |
| Take-home pay | BSD 68,825 ≈ €58,720 |
| Employer contributions and payroll taxes | BSD 2,270 ≈ €1,937 |
| Employer's labour cost | BSD 72,596 ≈ €61,937 |
Only some of the country's direct taxes and levies are counted: income tax on wages and compulsory contributions. Not counted: property and real-estate taxes; taxes on dividends, interest and other investment income; inheritance and gift taxes; indirect taxes such as VAT, excise and customs duties.
Taxes for sole proprietors and companies
Tax and contributions on the profit for a year; expenses are 10% of revenue, the company pays its profit out to the owner. Reliefs and local taxes are not included.
| Annual revenue | €30,000 BSD 35,163 | €60,000 BSD 70,326 | €120,000 BSD 140,652 |
|---|---|---|---|
| Sole proprietor | BSD 2,785 8.8 % | BSD 3,386 5.4 % | BSD 3,386 2.7 % |
| Company | BSD 0 0.0 % | BSD 0 0.0 % | BSD 0 0.0 % |
Special tax regimes
There are no special regimes for individuals.
Tax residence
The tax residence check does not cover Bahamas yet.
Assumptions
- Calculated with the OECD Taxing Wages methodology: income tax including local taxes plus employee social security; single person without children, tax year 2026, ECB rate of 2 January 2026.
- Exchange rate: 1 EUR = 1.1721 BSD (Central Bank of The Bahamas — fixed peg BSD 1 = USD 1, 02/01/2026) ↗
Sources
- Bahamas Trade Info (Government of The Bahamas) — NIB biennial adjustment to the wage ceiling, effective 1 July 2022
- US SSA — Social Security Programs Throughout the World: The Americas 2019, Bahamas
- Bahamas Inland Revenue Department — What is DMTT (FAQ)
- Central Bank of The Bahamas
Data checked: 06/11/2026. An indicative calculation for a typical case. Not tax advice.