Freelancer Invoice Generator for Bahamas
Create professional freelancer invoices for clients in Bahamas. This free invoice generator combines freelancer-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.
Freelancer Services to Invoice
- Hourly consulting
- Project-based work
- Retainer agreements
- Milestone billing
- Rush/priority fees
Invoice Requirements in Bahamas
Payment Terms
Net 14 or Net 30 is standard. Consider 25-50% deposits for larger projects.
Payment Methods in Bahamas
Freelancer Invoice Tips
- Always use a unique invoice number
- Clearly state payment terms upfront
- Include detailed breakdown of work
- Add late payment fees
- Keep copies for tax purposes
Frequently Asked Questions
What tax rate applies to freelancer 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 freelancers in Bahamas?
Common payment methods in Bahamas include: Bank Transfer, Royal Bank of Canada, Scotiabank, Credit Card, Cash. Net 14 or Net 30 is standard. Consider 25-50% deposits for larger projects.
What should freelancer invoices include in Bahamas?
Your invoice should include: TIN number, VAT registration, Client details, Invoice number. For freelancer services specifically, also include: Hourly consulting, Project-based work, Retainer agreements.
How do I invoice for hourly freelance work?
List each task with hours worked and hourly rate. Include dates and detailed descriptions.
Should I charge a deposit as a freelancer?
Yes, especially for larger projects. A 25-50% deposit protects you from non-payment.
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.