Create Tutor 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.

Tutor Services to Invoice

  • Individual tutoring
  • Group tutoring
  • Test prep
  • Homework help
  • College counseling
  • Online tutoring
  • Subject specialization

Invoice Requirements in Bahamas

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

Payment Terms

Packages paid upfront. Individual sessions paid at time of service.

CashNet 15Net 30Due on Receipt

Payment Methods in Bahamas

Bank TransferRoyal Bank of CanadaScotiabankCredit CardCash

Tutor Invoice Tips

  • Specify subject/level
  • Include session duration
  • Note student name
  • Reference lesson dates
  • Track package usage

Frequently Asked Questions

What tax rate applies to tutor 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 tutors in Bahamas?

Common payment methods in Bahamas include: Bank Transfer, Royal Bank of Canada, Scotiabank, Credit Card, Cash. Packages paid upfront. Individual sessions paid at time of service.

What should tutor invoices include in Bahamas?

Your invoice should include: TIN number, VAT registration, Client details, Invoice number. For tutor services specifically, also include: Individual tutoring, Group tutoring, Test prep.

How should tutors price their services?

Hourly rates based on subject, level, and experience. Offer package discounts.

Should tutors require packages?

Packages encourage commitment. Offer flexibility with package sizes.

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.