The Sales Tax Rate in Bahamas stands at 12 percent. Sales Tax Rate in Bahamas averaged 9.30 percent from 2015 until 2019, reaching an all time high of 12 percent in December of 2018 and a record low of 7.50 percent in December of 2016.

Sales Tax Rate in Bahamas is expected to be 7.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Sales Tax Rate in Bahamas to stand at 7.50 in 12 months time. In the long-term, the Bahamas Sales Tax Rate is projected to trend around 7.50 percent in 2020, according to our econometric models.

Bahamas Sales Tax Rate
Forecast Data Chart
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Bahamas Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 0.00 0.00 0.00 0.00 percent [+]
Personal Income Tax Rate 0.00 0.00 0.00 0.00 percent [+]
Social Security Rate 9.80 9.80 9.80 8.80 percent [+]
Social Security Rate For Companies 5.90 5.90 5.90 5.40 percent [+]
Social Security Rate For Employees 3.90 3.90 3.90 3.40 percent [+]
Sales Tax Rate 12.00 12.00 12.00 7.50 percent [+]

Bahamas Sales Tax Rate

In Bahamas, the sales tax rate is a tax charged to consumers based on the purchase price of certain goods and services. The benchmark we use for the sales tax rate refers to the highest rate. Revenues from the Sales Tax Rate are an important source of income for the government of Bahamas. This page provides - Bahamas Sales Tax Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Bahamas Sales Tax Rate - actual data, historical chart and calendar of releases - was last updated on October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
12.00 12.00 12.00 7.50 2015 - 2019 percent Yearly

Country Last Previous
Italy 22.00 Dec/19
Argentina 21.00 Dec/19
Netherlands 21.00 Dec/19
Spain 21.00 Dec/19
Euro Area 20.80 Dec/18
France 20.00 Dec/19
Russia 20.00 Dec/19
United Kingdom 20.00 Dec/19
Germany 19.00 Dec/19
India 18.00 Dec/19
Turkey 18.00 Dec/19
Brazil 17.00 Dec/19
Mexico 16.00 Dec/19
South Africa 15.00 Dec/19
China 13.00 Dec/19
Australia 10.00 Dec/19
Indonesia 10.00 Dec/19
Japan 10.00 Oct/19
South Korea 10.00 Dec/19
Switzerland 7.70 Dec/19
Singapore 7.00 Dec/19
Canada 5.00 Dec/19
Saudi Arabia 5.00 Jan/19
United States 0.00 Dec/19