Department of Inland Revenue (Bahamas)
Form VAT — VAT Return
Declare your taxable supplies and remit VAT to the Department of Inland Revenue
- Form ID
- VAT
- Who must file
- All VAT-registered businesses (annual turnover exceeding BSD $100,000)
- Filing frequency
- Monthly (turnover > BSD $5M) or Quarterly
- Filing deadline
- Within 21 days of the end of each tax period
The Bahamas VAT Return is filed with the Department of Inland Revenue by all VAT-registered businesses. The Bahamas levies VAT at 10% on taxable supplies of goods and services. Businesses with annual turnover exceeding BSD $5,000,000 file monthly; others file quarterly.
The return and payment are both due within 21 days of the end of the tax period. Extensions to pay are not granted. The Bahamas has no income tax or corporate tax, making VAT a primary government revenue source. Filing is done via the Online Tax Administration System (OTAS).
Learn more about how HeadOffice can help you manage your Bahamian business finances and stay on top of your VAT obligations.