WorksheetsTaxation in The Bahamas
Total questions: 15
Worksheet time: 8mins
There are no taxes in The Bahamas?
True
False
The Bahamas is considered a ....
Tax Haven
Tax Hall
Tax Retreat
What is the name of one of the taxes in The Bahamas?
Income
Inheritance
Property
Capital Gains
Social Security tax in the Bahamas is called...
Insurance
National Insurance
Ministry of Health
Who pays the most Social Security tax?
Employees
Employers
Self-employed
Property Tax is imposed on all properties.
True
False
Property Tax exemption stops at the first....
$200,000
$225,000
$250,000
$275,000
What type of Corporate tax do we impose in The Bahamas?
(a)
What does VAT stand for?
(a)
In what year was VAT introduced?
2012
2015
2018
2022
When VAT was introduced it was at...
7.5%
10%
12%
VAT is currently at....
7.5%
10%
12%
Along with Customs Duties, name another Import duty.
Shipping
Service
Stamp
Sam bought a Fridge in the US for $1500. He wants to calculate the VAT on the price of the fridge. When should he add the VAT?
On the cost at the shop
On the Cost and Shipping
On the Cost from the Customs Office
What is the Normal rate of Customs Duties on a Vehicle?
10%
50%
65%
85%
