Bahamas - Filing Business Tax Returns

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Procedure

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.

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Required Documents

• 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

Business Licence/Valuation Unit
Frederick House
Frederick St
P. O. Box N-13
Nassau
New Providence
The Bahamas
E-mail: [email protected]

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

Eligibility

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

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

Validity

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

Documents to Use

Application Form Link

Sample Documents

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Processing Time

• 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.

Related Videos

Videos explaining the procedure or to fill the applications.
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Instructions

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Required Information

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e.g.
1. Date of Birth.
2. City or Country of Birth.

Need for the Document

• 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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Other uses of the Document/Certificate

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External Links

Link

Others

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