BS · AmericasPG · Oceania
Bahamas vs Papua New Guinea: tax rates compared
Papua New Guinea has an income tax rate of 42%, 42pp above Bahamas's 0%. The 200-country average is 28%: Bahamas sits below it, Papua New Guinea sits above it.
Verified data covers five of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | BS | PG | Difference |
|---|---|---|---|
| Income Tax | 0% | 42% | PG +42 pplargest gap |
| Corporate Tax | 0% | 30% | PG +30 pp |
| VAT | 10% | 10% | match |
| Capital Gains Tax | 0% | 0% | match |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Bahamas | 0% | Source: PWC Worldwide Tax Summaries — Bahamas, The (Individual, Taxes on personal income) · as of 2026-02-24 |
| Papua New Guinea | 42% | Source: PWC Worldwide Tax Summaries — Papua New Guinea (Individual, Taxes on personal income) · as of 2026-03-27 |
| Difference | −42 pp | Papua New Guinea higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Bahamas | 0% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Papua New Guinea | 30% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −30 pp | Papua New Guinea higher |
Papua New Guinea has a corporate tax rate of 30%, 30pp above Bahamas's 0%. The 201-country average is 22.6%: Bahamas sits below it, Papua New Guinea sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Bahamas | 10% | Source: PWC Worldwide Tax Summaries — Bahamas (Corporate, Other taxes) · as of 2026-02-24 |
| Papua New Guinea | 10% | Source: PWC Worldwide Tax Summaries — Papua New Guinea (Corporate, Other taxes) · as of 2026-03-27 |
| Difference | 0 pp | displayed rates match |
Bahamas and Papua New Guinea share the same VAT rate: 10%. The 181-country average is 15%: both sit below it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Bahamas | 0% | Source: PWC Worldwide Tax Summaries — Bahamas, The (Individual, Income determination) · as of 2026-02-24 |
| Papua New Guinea | 0% | Source: PWC Worldwide Tax Summaries — Papua New Guinea (Individual, Income determination) · as of 2026-03-27 |
| Difference | 0 pp | displayed rates match |
Bahamas and Papua New Guinea share the same capital gains tax rate: 0%. The 175-country average is 10.3%: both sit below it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Bahamas | 0% | Source: PWC Worldwide Tax Summaries — Bahamas, The (Net wealth/worth tax rates) · as of 2026-02-24 |
| Papua New Guinea | 0% | Source: PWC Worldwide Tax Summaries — Papua New Guinea (Individual, Other taxes) · as of 2026-03-27 |
| Difference | 0 pp | displayed rates match |
Bahamas and Papua New Guinea share the same wealth tax rate: 0%. The 193-country average is 0.1%: both sit below it.
Not covered for both countries yet: Crypto Tax.