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Expat Community > Bahamas

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initial belongings duties

2 years ago
I am finding conflicting information about paying taxes on all the belongings that we would move to the Bahamas with. Should I expect to be taxed on everything? Clothing, household goods, furniture, etc? It also looks like bringing my truck would cost me close to the value of the truck in taxes? I'm assuming it would be the same if I boat a boat. I'm having a difficult time wrapping my head around that. The "tax haven" status doesn't seem like it's that beneficial, especially when US income taxes will still have to be paid.

Atlantis Bahamas
Atlantis Bahamas
SJB Global
SJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
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SJB GlobalSJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
Learn More

Atlantis Bahamas
Atlantis Bahamas

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