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Bahamas Tax Information

10% VAT

VAT is 10%. No income tax or corporate tax. Registration required above BSD 100,000 turnover.

Architect Services to Invoice

  • Schematic design
  • Design development
  • Construction documents
  • Permit drawings
  • Site planning
  • Interior architecture
  • Project management

Invoice Requirements in Bahamas

TIN number
VAT registration
Client details
Invoice number
VAT (10%)
Total in BSD

Payment Terms

Phase-based billing. Percentage at each milestone. Retainer for ongoing projects.

CashNet 15Net 30Due on Receipt

Payment Methods in Bahamas

Bank TransferRoyal Bank of CanadaScotiabankCredit CardCash

Architect Invoice Tips

  • Reference project phases
  • Include deliverables per phase
  • Note reimbursable expenses
  • Document design changes
  • Track percentage complete

Frequently Asked Questions

What tax rate applies to architect invoices in Bahamas?

Bahamas has 10% VAT. VAT is 10%. No income tax or corporate tax. Registration required above BSD 100,000 turnover.

What payment methods are common for architects in Bahamas?

Common payment methods in Bahamas include: Bank Transfer, Royal Bank of Canada, Scotiabank, Credit Card, Cash. Phase-based billing. Percentage at each milestone. Retainer for ongoing projects.

What should architect invoices include in Bahamas?

Your invoice should include: TIN number, VAT registration, Client details, Invoice number. For architect services specifically, also include: Schematic design, Design development, Construction documents.

How should architects bill for projects?

Percentage of construction cost, fixed fee by phase, or hourly. Phase-based is standard.

What about design changes?

Include scope of changes and bill as additional services beyond original scope.

What is Bahamas' VAT rate?

Bahamas applies 10% VAT on most goods and services. The country has no income tax or corporate tax, making VAT the primary business tax.