Create Bookkeeper Invoice in BSD →

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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.

Bookkeeper Services to Invoice

  • Monthly bookkeeping
  • Bank reconciliation
  • Accounts payable
  • Accounts receivable
  • Payroll support
  • Financial reports
  • Catch-up bookkeeping

Invoice Requirements in Bahamas

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

Payment Terms

Monthly retainer paid in advance. Catch-up projects 50% deposit.

CashNet 15Net 30Due on Receipt

Payment Methods in Bahamas

Bank TransferRoyal Bank of CanadaScotiabankCredit CardCash

Bookkeeper Invoice Tips

  • Specify period covered
  • Include transaction count
  • Note software used
  • Reference deliverables
  • Document hours if applicable

Frequently Asked Questions

What tax rate applies to bookkeeper 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 bookkeepers in Bahamas?

Common payment methods in Bahamas include: Bank Transfer, Royal Bank of Canada, Scotiabank, Credit Card, Cash. Monthly retainer paid in advance. Catch-up projects 50% deposit.

What should bookkeeper invoices include in Bahamas?

Your invoice should include: TIN number, VAT registration, Client details, Invoice number. For bookkeeper services specifically, also include: Monthly bookkeeping, Bank reconciliation, Accounts payable.

How to price bookkeeping?

Monthly flat fee based on transaction volume. $300-2000/month typical for small business.

Charge for catch-up work?

Hourly or per-month-behind rate. Catch-up is intensive work, price accordingly.

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.