Bahamas Tax Tables 2007 - Tax Rates and Thresholds in Bahamas
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This page contains the tax table information used for the calculation of tax and payroll deductions in Bahamas in 2007. These tax tables are used for the tax and payroll calculators published on iCalculator™ BS, these tools are provided for your free use on our website. If you would like additional tax table information added to the tax calculators for Bahamas or would like to add to or suggest amendments to the information herein then please contact us.
2007 Tax Tables [Quick Links]
Related Calculators
Bahamas Personal Income Tax Tables in 2007
The Income tax rates and personal allowances in Bahamas are updated annually with new tax tables published for Resident and Non-resident taxpayers. The Tax tables below include the tax rates, thresholds and allowances included in the Bahamas Tax Calculator 2007.
Bahamas Residents Income Tax Tables in 2007
Personal Income Tax Rates and Thresholds (Annual)| Tax Rate | Taxable Income Threshold |
|---|
| 0% | Flat rate on all taxable income |
Bahamas Non-residents Income Tax Tables in 2007
Personal Income Tax Rates and Thresholds (Annual)| Tax Rate | Taxable Income Threshold |
|---|
| 0% | Flat rate on all taxable income |
Bahamas Social Security and Payroll Deduction Rates in 2007
In The Bahamas, the social security and payroll deduction system is primarily managed through the National Insurance Board (NIB). Both employees and employers contribute to this system, which is designed to provide a range of benefits and social welfare services to the workforce.
Bahamas Social Security in 2007: Rates for Employers and Employees| Category | Employee | Employer | Total |
|---|
| National Insurance | 3.4% | 5.4% | 8.8% |
Bahamas Social Security and Payroll Deduction in 2007: Earnings Thresholds for Employers and Employees| Category | Employee | Employer |
|---|
| Min. | Max. | Min. | Max. |
|---|
| National Insurance | n/a | $ 20,800.00 | n/a | $ 20,800.00 |
Historic Tax Tables supported for Bahamas
The following tax tables are supported by iCalculator™ BS as part of the suite of free tax tools we provide for Bahamas.