Contractor Invoice Generator for Bahamas
Create professional contractor invoices for clients in Bahamas. This free invoice generator combines contractor-specific billing practices with Bahamas's tax requirements (10% VAT) and preferred payment methods like Bank Transfer and Royal Bank of Canada.
Free, no registration required. Your data stays in your browser.
Bahamas Tax Information
VAT is 10%. No income tax or corporate tax. Registration required above BSD 100,000 turnover.
Contractor Services to Invoice
- Labor charges
- Material costs
- Equipment rental
- Permit fees
- Subcontractor work
- Change orders
- Warranty work
Invoice Requirements in Bahamas
Payment Terms
Progress billing at milestones. Retain 5-10% until final inspection.
Payment Methods in Bahamas
Contractor Invoice Tips
- Break down materials and labor
- Reference permits
- Document change orders
- Include lien waiver language
- Track progress payments
Frequently Asked Questions
What tax rate applies to contractor 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 contractors in Bahamas?
Common payment methods in Bahamas include: Bank Transfer, Royal Bank of Canada, Scotiabank, Credit Card, Cash. Progress billing at milestones. Retain 5-10% until final inspection.
What should contractor invoices include in Bahamas?
Your invoice should include: TIN number, VAT registration, Client details, Invoice number. For contractor services specifically, also include: Labor charges, Material costs, Equipment rental.
How should contractors bill for projects?
Progress invoicing at milestones. Break down labor, materials, and subcontractor costs.
How do contractors handle material markup?
15-25% markup is standard. State policy in contracts.
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.