The Bahamas has no income tax, corporate tax, capital gains tax or wealth tax. Payroll taxes fund social insurance benefits and amount to 3.9% paid by the employee and 5.9% paid by the employer. In 2010, overall tax revenue as a percentage of GDP was 17.2%. The max property tax rate is 1.5% for vacant land and there are numerous exemptions for improved property. CLICK HERE FOR TAX INFO AND STATISTICS
