The Bahamas
Bahamian Dollar · B$
The Bahamas has no personal income tax of any kind. Government revenue instead comes from VAT, real property tax, customs duties, and business licence fees. Employers must remit mandatory National Insurance Board (NIB) contributions, provide payslips, and comply with employment and labour regulations.
Country Quick Facts
Financial Calculators
Calculate statutory deductions, contributions, and obligations for The Bahamas.
Social Security Calculator
Calculate social security contributions
Administering Agency
National Insurance Board (NIB)
Monthly Salary
B$5,000.00
Capped at B$3,597.00
Contributions are calculated on salary up to the ceiling of B$3,597.00 per month.
Employer Contribution
B$239.20
6.65% of salary
Employee Contribution
B$167.26
4.65% of salary
Total Contribution
B$406.46
11.3% combined
*Note: This pension calculation is an estimate. For exact payroll and pension compliance calculations, please visit the official government website.
Country Overview
Key employment regulations and payroll requirements at a glance.
Minimum Wage
B$260 / week (≈B$6.50/hour)
Payroll Cycle
Bi-weekly or Monthly
Income Tax
Not applicable, no personal income tax
Social Security
11.3% total (6.65% employer + 4.65% employee)
Mandatory Pension
Not mandatory
Health Insurance
Not mandatory (NHI funded from general revenue)
Employment Contract
Written contract required
Payslip
Required
Government Filing
Monthly NIB contributions
Leave & Labour Compliance
Employment terms and leave entitlements for The Bahamas.
Annual Leave
The Bahamas statutory entitlement
10
days
Compliance Highlights
- Employees are entitled to a minimum of 10 working days of annual leave.
- Paid sick leave is provided under employment law.
- Eligible female employees receive 12 weeks of maternity leave.
- There is no statutory paternity leave.
- Employees observe 10 official public holidays.
- Probation periods typically range from 3 to 6 months.
- Notice periods depend on length of service.
- Standard working hours are generally 40 hours per week.
- Overtime is payable at 1.5 times the regular rate.
- Written employment contracts are required by law.
Government Registrations
Required registrations and regulatory authorities for The Bahamas.
Employer Registration
Department of Labour
Tax Authority
N/A - No personal income tax
Labour Department
Department of Labour
Submission Frequency
Monthly
Online Portal
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