What is the current tax regime for a company incorporated in the Bahamas?
Since the passing of Removal of Exemption Tax Act, all IBCs incorporated or continued after 31 Dec 2018 would be subject to any tax which is non-nominal, meaning that it is not zero or almost zero. Companies incorporated before that date will be given an extended period of three years to 31 Dec 2021. Fortunately, the current corporate tax of Bahamas now stands at 0%. In addition, there are no capital gains tax, estate, inheritance or succession tax.