Bahamas, The

Since no corporate income, capital gains, or other taxes are imposed on corporations in The Bahamas, income determination is not relevant in the context of The Bahamas taxation.

Dividend income

Pursuant to the Stamp Act, when annual funds exceeding BSD 500,000 are converted to foreign currency and remitted or transferred out of The Bahamas to a related party as dividends, a stamp duty of 5% is levied on the amount remitted or transferred abroad.