Commonwealth of The Bahamas - GOBL

Value Added Tax (VAT) was introduced in The Bahamas in January 2015 as part of a broader reform of the tax system. The broad based consumption tax is applied to almost all goods and services that are imported, bought and sold for use in The Bahamas. Businesses are identified by their Tax Identification Number, a 9 digit identifier.

Base Details

Key	Value
Tax Country Code	`BS`
Currency	`BSD`
Base Time Zone	`America/Nassau`

Tax Categories

Code	Name	Title
`VAT`	VAT	Value Added Tax

VAT Rates

Rate	Keys	Name	Percents	Description
`general`	`standard`	Standard Rate	10%	Applies to most taxable goods and services.
`reduced`	`standard`	Reduced Rate	5%	Applies to some qualifying essential goods.

Validation Rules

tax.Identity

Field	Test	Validation Code / Message
`code`	Code in [BS] Matches ^[0-9]$	`GOBL-BS-TAX-IDENTITY-01` Tax id code must be a valid TIN