The Social Security Rate in Bahamas stands at 9.80 percent.

Social Security Rate in Bahamas averaged 9.39 percent from 2004 until 2020, reaching an all time high of 9.80 percent in 2011 and a record low of 8.80 percent in 2005. This page provides - Bahamas Social Security Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Bahamas Social Security Rate - values, historical data and charts - was last updated on October of 2020.

Social Security Rate in Bahamas is expected to reach 9.80 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Bahamas Social Security Rate is projected to trend around 9.80 percent in 2021, according to our econometric models.

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Bahamas Social Security Rate

Actual Previous Highest Lowest Dates Unit Frequency
9.80 9.80 9.80 8.80 2004 - 2020 percent Yearly

Bahamas Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 0.00 0.00 0.00 0.00 percent [+]
Personal Income Tax Rate 0.00 0.00 0.00 0.00 percent [+]
Social Security Rate 9.80 9.80 9.80 8.80 percent [+]
Social Security Rate For Companies 5.90 5.90 5.90 5.40 percent [+]
Social Security Rate For Employees 3.90 3.90 3.90 3.40 percent [+]
Sales Tax Rate 12.00 12.00 12.00 7.50 percent [+]

Bahamas Social Security Rate
In Bahamas, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of Bahamas because they help to pay for many social programs including welfare, health care and many other benefits.