In 2022 this tax haven even further reduced the previously existing (few) taxes
The Bahamas is one of the best tax havens in the Caribbean, and represents a total tax haven.
There are no income taxes, no corporation taxes, no capital gains taxes, no inheritance taxes or gift taxes.
It is essentially a tax-free jurisdiction, with the exception of VAT.
It is also interesting to note the direction in which fiscal policy in the Bahamas is going; in fact, while other countries increase VAT,
in the Bahamas they have just reduced it, from 12% to 10% starting last January 1, 2022.
So the Bahamas are choosing to incentivize even more people to spend and reside in the
Bahamas, while also reducing indirect taxes.
From a tax point of view, it is a tax haven for everyone, both individuals, companies and trusts.
In the next installment of this series, we will see what it is like to live in the Bahamas and why people choose this country.
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