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Bahamas vs Kuwait
Tax Rate Comparison

Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.

๐Ÿ‡ง๐Ÿ‡ธ Bahamas
vs
๐Ÿ‡ฐ๐Ÿ‡ผ Kuwait
Tax Year:

๐Ÿ’ฐ Personal Income Tax Calculator

Enter your income to see your estimated annual tax liability in each country โ€” side by side.

Enter your annual income above to see your personal tax comparison โ†’
Individual Income Tax (Top Marginal Rate)
Top Income Tax Rate
0%
No income tax maintained
No change
0%
No personal income tax
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
10%
10% VAT maintained
No change
5%
VAT introduction at 5% expected 2025โ€“2026
โ–ฒ +5.0pp vs 2025
Corporate Tax Rate
Corporate Tax Rate
0%
No CIT; Pillar Two compliance via domestic top-up
No change
15%
15% foreign; domestic minimum tax for Pillar Two
No change
Capital Gains Tax
Capital Gains Tax
0%
No CGT
No change
0%
No CGT
No change
Social Security & Payroll
Social Security / Payroll
~9.8%
NIB; hurricane recovery spending affecting fiscal position
No change
~16%
PIFSS stable; expat levy discussions ongoing
No change
State, Regional & Local Taxes

๐Ÿ‡ง๐Ÿ‡ธ Bahamas โ€” 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 โ€” 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.

๐Ÿ‡ฐ๐Ÿ‡ผ Kuwait โ€” No Sub-National Tax Variation

Kuwait is a city-state with no local or regional income taxes. All taxation is national. Kuwait has no income tax on individuals (citizens or expatriates). Foreign companies operating in Kuwait pay corporate income tax at 15%. National Labour Support Tax (NLST) at 2.5% applies to Kuwaiti listed company profits. Zakat at 1% applies to Kuwaiti company profits. The Kuwait Investment Authority (KIA) manages the state's sovereign wealth fund, which generates significant non-tax revenue reducing fiscal dependency.

โš ๏ธ Disclaimer: Rates shown are standard top/headline rates for informational purposes. Actual tax liability depends on income level, residency, deductions, and tax treaties. 2025โ€“2026 data reflects announced or enacted rates and may be subject to change. Not financial or legal advice.

Bahamas vs Kuwait: Key Tax Differences (2026)

๐Ÿ’ฐ Income Tax: Bahamas and Kuwait have similar top income tax rates (0% vs 0%).

๐Ÿ›’ VAT/Sales Tax: Bahamas has a higher consumption tax (10% vs 5%).

๐Ÿข Corporate Tax: ๐Ÿ‡ง๐Ÿ‡ธ Bahamas offers a lower corporate rate (0% vs 15%), which can influence business location decisions.

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