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. This page provides - Bahamas Sales Tax Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Bahamas Sales Tax Rate - values, historical data and charts - was last updated on September of 2020.

Sales Tax Rate in Bahamas is expected to reach 12.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Bahamas Sales Tax Rate is projected to trend around 12.00 percent in 2021, according to our econometric models.

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Bahamas Sales Tax Rate

Actual Previous Highest Lowest Dates Unit Frequency
12.00 12.00 12.00 7.50 2015 - 2020 percent Yearly

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.