WorldTax Compareโ† All Comparisons

El Salvador vs Bahamas
Tax Rate Comparison

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

๐Ÿ‡ธ๐Ÿ‡ป El Salvador
vs
๐Ÿ‡ง๐Ÿ‡ธ Bahamas
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
0โ€“30%
30% top; security improvements boosting economy
No change
0%
No income tax maintained
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
13%
13% IVA stable
No change
10%
10% VAT maintained
No change
Corporate Tax Rate
Corporate Tax Rate
30%
30%; special economic zones
No change
0%
No CIT; Pillar Two compliance via domestic top-up
No change
Capital Gains Tax
Capital Gains Tax
10%
10% maintained
No change
0%
No CGT
No change
Social Security & Payroll
Social Security / Payroll
~15.5%
AFP system; pension adequacy improving
No change
~9.8%
NIB; hurricane recovery spending affecting fiscal position
No change
State, Regional & Local Taxes

๐Ÿ‡ธ๐Ÿ‡ป El Salvador โ€” Municipal Taxes

El Salvador's 262 municipalities levy local taxes including the impuesto municipal de activo empresarial (business assets tax at 0.1%โ€“1% of net assets), commercial licence fees, and property registration fees. San Salvador municipality has the highest rates. The Ministry of Finance (MH) administers national taxes. El Salvador adopted Bitcoin as legal tender in 2021 (alongside USD), creating unique crypto tax considerations, though the Bitcoin Law was modified in 2025. The country has attracted significant nearshoring and blockchain sector investment.

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.

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.

El Salvador vs Bahamas: Key Tax Differences (2026)

๐Ÿ’ฐ Income Tax: ๐Ÿ‡ธ๐Ÿ‡ป El Salvador has a higher top income tax rate (0โ€“30% vs 0%). ๐Ÿ‡ง๐Ÿ‡ธ Bahamas is more favourable for high earners.

๐Ÿ›’ VAT/Sales Tax: El Salvador has a higher consumption tax (13% vs 10%).

๐Ÿข Corporate Tax: ๐Ÿ‡ง๐Ÿ‡ธ Bahamas offers a lower corporate rate (0% vs 30%), which can influence business location decisions.

๐Ÿ“ˆ Capital Gains: ๐Ÿ‡ง๐Ÿ‡ธ Bahamas taxes investment gains at a lower rate (0% vs 10%), benefiting investors.

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