Iraq vs Bahamas
Tax Rate Comparison
Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.
💰 Personal Income Tax Calculator
Enter your income to see your estimated annual tax liability in each country — side by side.
Individual Income Tax (Top Marginal Rate)
VAT / GST / Sales Tax
Corporate Tax Rate
Capital Gains Tax
Social Security & Payroll
🇮🇶 Iraq — Governorate Taxes
Iraq's 18 governorates (muhafazat) have limited independent taxing powers under the federal system. The Kurdish Region of Iraq (KRI — Erbil, Sulaymaniyah, Dohuk) has its own tax administration and revenue share arrangement with Baghdad. The Federal Board of Supreme Audit and Tax Commission administer national taxes. Oil revenues dominate the Iraqi budget (~90% of government revenue), meaning formal taxation plays a smaller role than in most countries. Reconstruction and diversification remain key challenges.
🇧🇸 Bahamas — 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 — 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.
Iraq vs Bahamas: Key Tax Differences (2026)
💰 Income Tax: 🇮🇶 Iraq has a higher top income tax rate (3–15% vs 0%). 🇧🇸 Bahamas is more favourable for high earners.
🛒 VAT/Sales Tax: Bahamas has a higher consumption tax (0% vs 10%).
🏢 Corporate Tax: 🇧🇸 Bahamas offers a lower corporate rate (0% vs 15%), which can influence business location decisions.
📈 Capital Gains: 🇧🇸 Bahamas taxes investment gains at a lower rate (0% vs 15%), benefiting investors.