Reference
Quick reference materials for Bahamas VAT compliance.
In This Section
By Statute
Read requirements from legal obligation to platform behavior:
- By Statute overview
- 12 statute reference pages with topic cross-links
VAT Categories
Complete guide to current VAT categories in The Bahamas:
- Standard rate (10%)
- Reduced rate (5%)
- Zero-rated supplies
- Exempt supplies
Glossary
Definitions of common VAT and compliance terms:
- Input VAT
- Output VAT
- Taxable supplies
- And more...
Statutory Citation Style
Canonical citation format for legal/statutory references in this documentation:
- Statute name
- Version/amendment information
- Hyperlink to the official source
- Section reference
View Statutory Citation Style Guide
Documentation Audit Memo
Signed second-pass audit coverage for remaining unaudited documentation categories:
Audit Verification Record (2026-05-30)
Record-only close-out documenting Cass remediation items already clean on main HEAD:
View Audit Verification Record (2026-05-30)
Amendment Chain Verification Memo
Per-section verification of VAT Act amendment chains against the gazetted Amendment Acts (2014–2026). In-house verbatim mapping against the gazetted text; independent third-party practitioner review pending.
View Amendment Chain Verification Memo
Quick Facts
VAT Registration Threshold
$100,000 BSD annual taxable supplies
Standard VAT Rate
10% on most goods and services
Filing Deadlines
21 days after the end of the tax period (standard); 14 days for large taxpayers (annual turnover ≥ $5M)
Record Retention
7 years minimum
Official Resources
- Department of Inland Revenue
- Value Added Tax Act, 2014 (as amended by the VAT (Amendment) (No. 2) Act, 2021)
- Commonly cited sections in this documentation: s. 32 (time of supply), s. 47A (late-filing/payment fines and interest), s. 53 (bad-debt relief), Part X §§79–80 (record retention)
- 2025 VAT Reforms
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