Page "Economy of the Bahamas" Paragraph 11

The Bahamas has no income tax, corporate tax, capital gains tax, value-added tax ( VAT ), 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 %.