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Bahamas - Filing Business Tax Returns


Procedure

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Apply In-person

  1. To file Business Tax returns, the applicant has to visit the Business Licence/Valuation Unit. The address and contact details can be found in the following link: Address Details
  2. Collect application form from online or any of the Business Licence Unit Offices.
  3. Complete the form and tick the “Tax Return” box and return to any of The Business Licence Offices. On the Family Islands where there are no Business Licence Offices, the form can be returned to a Family Island Administrator.
  4. Applicants must then pay the Business Tax and will be issued a receipt indicating that they are in good standing with the Business Licence Office.
  5. The payment is immediately reflected on their accounts.





Required Documents

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  • Valid Business Licence
  • Financial Information.


Note: All businesses with turnover greater than 1,000,000 must submit financial results, which shall be accompanied by a statement certified by a person who is qualified in accounting and who has no interest in the business.




Office Locations & Contacts

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Business Licence/Valuation Unit
Frederick House
Frederick St
P. O. Box N-13
Nassau
New Providence
The Bahamas
E-mail: businesslicenceinquiries@bahamas.gov.bs

Business Licence - Valuation Unit
Ground Floor Charlotte House
North Charlotte & Shirley Streets
P O Box 3017
Nassau, N.P., The Bahamas
E-mail: businesslicencecomplaints@bahamas.gov.bs
Phone: (242) 325-2233/325-1171/325-2126
Fax: (242) 328-8003
Contact: Link



Eligibility

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All existing Business Owners such as:

  • Partnerships
  • Privately Trading Companies
  • Publicly Trading Companies
  • Limited Liability Partnerships
  • Limited Liability Companies
  • Sole-  Proprietorships
  • Home Based Businesses




Fees

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Fees vary based on the type of business and turn over.



Validity

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Tax returns need to be filed by March 31st annually.



Documents to Use

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Application Form Link




Sample Documents

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Please attach sample completed documents that would help other people.




Processing Time

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  • Once an application form and all supporting documents have been submitted, it is processed immediately.
  • Sometimes the time frame may require a longer period for processing based on the amount of work being handled by the Unit at the time.




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Videos explaining the procedure or to fill the applications.
Attach videos using the following tag <&video type='website'>video ID|width|height<&/video&> from external websites.
Please remove the '&' inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver,
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.g In the following url 'http://www.youtube.com/watch?v=Y0US7oR_t3M' Video ID is 'Y0US7oR_t3M'.





Instructions

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Please provide other instructions related to the certificate/documents.
e.g. The state office holds birth records since january 1908.




Required Information

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A list which displays the kind of information which is required to complete the procedure.
e.g.
1. Date of Birth.
2. City or Country of Birth.





Need for the Document

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  • All businesses are required to file their tax returns by March 31st annually.
  • If income tax is not filed properly, the business will face hefty penalties, fines and back taxes due.




Information which might help

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Enter other information which might help.



Other uses of the Document/Certificate

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Please explain what are other uses of obtaining this document/certificate.
e.g. Birth Certificate can be used as proof of identity.




External Links

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Others

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More information which might help people.




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