Bahamas vs Brazil
Tax Rate Comparison
Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.
π° Personal Income Tax Calculator
Enter your income to see your estimated annual tax liability in each country β side by side.
π§πΈ Bahamas β Local Government Rates & Fees
The Bahamas' islands have local government bodies collecting fees for services, building permits, and business licences. The Bahamas famously has no income tax, no capital gains tax, no corporate income tax, and no withholding tax β making it one of the world's purest zero-tax jurisdictions. Revenue comes through VAT (introduced 2015), real property tax, customs duties, and stamp duty. As a major offshore financial centre and tourism destination, the Bahamas has faced OECD/FATF pressure on transparency and has made significant reforms.
π§π· Brazil β State & Municipal Taxes
Brazil has one of the world's most complex tax systems. States levy ICMS at 7%β18% varying by state. Municipalities levy ISS (services tax) at 2%β5% and IPTU (urban property tax). A sweeping tax reform (EC 132/2023) is gradually replacing ICMS/ISS with unified IBS and CBS taxes through 2033. States impose ITCMD (inheritance/gift tax) up to 8%.
Bahamas vs Brazil: Key Tax Differences (2026)
π° Income Tax: π§π· Brazil has a higher top income tax rate (0% vs 0β27.5%). π§πΈ Bahamas is more favourable for high earners.
π VAT/Sales Tax: Brazil has a higher consumption tax (10% vs ~27.5% combined).
π’ Corporate Tax: π§πΈ Bahamas offers a lower corporate rate (0% vs 34%), which can influence business location decisions.
π Capital Gains: π§πΈ Bahamas taxes investment gains at a lower rate (0% vs 22.5%), benefiting investors.