Paying taxes: Total tax and contribution rate in Bahamas
Bahamas: Paying taxes: Total tax and contribution rate was 33.8% in 2019. ▼ Falling
Paying taxes: Total tax and contribution rate in Bahamas, 2007–2019
Source: World Bank. Measured in % of profit.
Analysis
Bahamas recorded 33.8% for paying taxes: total tax and contribution rate in 2019.
That represents a change of up 7.3% on the previous year and down 21.2% over ten years.
Over the whole period, paying taxes: total tax and contribution rate in Bahamas peaked at 48.5% in 2013 and was at its lowest, 31.5%, in 2017.
Bahamas ranks 120th of 190 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 13 years of available data.
Paying taxes: Total tax and contribution rate in Bahamas, year by year
| Year | % of profit | Change |
|---|---|---|
| 2007 | 42.9% | — |
| 2008 | 42.9% | +0.0% |
| 2009 | 42.9% | +0.0% |
| 2010 | 42.9% | +0.0% |
| 2011 | 44.6% | +4.0% |
| 2012 | 44.6% | +0.0% |
| 2013 | 48.5% | +8.7% |
| 2014 | 41.1% | -15.3% |
| 2015 | 33.8% | -17.8% |
| 2016 | 33.8% | +0.0% |
| 2017 | 31.5% | -6.8% |
| 2018 | 31.5% | +0.0% |
| 2019 | 33.8% | +7.3% |
Bahamas compared with similar countries
- Bahamas's 33.8% is below the median for high income countries, which is 36.4%, 93% of the median. (62 countries reporting)
- Bahamas's 33.8% is below the median for Latin America & Caribbean, which is 39.1%, 86% of the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 42.9% | 42.9% | 42.9% | 3 |
| 2010s | 38.6% | 31.5% | 48.5% | 10 |
Countries ranked near Bahamas
More reference data data for Bahamas
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.018 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.0145 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.0325 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.0325 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.0605 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.0228 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 0.0775 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 0.161 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.0001 (2050)
Frequently asked questions
- What is paying taxes: total tax and contribution rate in Bahamas?
- Paying taxes: total tax and contribution rate in Bahamas was 33.8% in 2019, according to the World Bank.
- What is the highest paying taxes: total tax and contribution rate recorded in Bahamas?
- The highest recorded value was 48.5% in 2013.
- What is the lowest paying taxes: total tax and contribution rate recorded in Bahamas?
- The lowest recorded value was 31.5% in 2017.
- How does Bahamas rank for paying taxes: total tax and contribution rate?
- Bahamas ranks 120th out of 190 countries with data for 2019.
- Is paying taxes: total tax and contribution rate rising or falling in Bahamas?
- Over the last ten years it is down 21.2%. The long-run trend across the full record is falling.
- Where does this Bahamas data come from?
- The figures come from the World Bank, published as part of Paying taxes: Total tax and contribution rate (% of profit). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 13 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The total tax and contribution rate measures the amount of taxes and mandatory contributions borne by the business in the second year of operation, expressed as a share of commercial pro?t. The total amount of taxes and contributions borne is the sum of all the different taxes and contributions payable after accounting for allowable deductions and exemptions. The taxes withheld (such as personal income tax) or collected by the company and remitted to the tax authorities (such as VAT, sales tax or goods and service tax) but not borne by the company are excluded.