Payroll & social contributions for Bahamas (tax year 2025) — rates, thresholds and rules with primary-source citations. Unverified; pending local-accountant review.
Bahamas · tax year 2025 · changed 25 Jun 2026
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Overview
The Bahamas has no income tax PAYE, but employers must withhold and remit National Insurance Board (NIB) contributions on insurable wages. Rates and the insurable wage ceiling were increased effective 1 July 2024.
Employee contribution rate (employed persons)
4.65% of insurable wagesNational Insurance Act — https://www.nib-bahamas.com/about-nib/contributions/
Employer contribution rate (employed persons)
6.65% of insurable wagesNational Insurance Act — https://www.nib-bahamas.com/about-nib/contributions/
Combined contribution rate (employed persons)
11.3% (4.65% employee + 6.65% employer)National Insurance Act — https://www.nib-bahamas.com/about-nib/contributions/
Insurable wage ceiling (weekly)
BSD 810 per weekNational Insurance Act — https://www.nib-bahamas.com/2024-adjustments-to-the-insurable-wage-ceiling-pensions-and-grants/
Insurable wage ceiling (monthly)
BSD 3,510 per monthNational Insurance Act — https://www.nib-bahamas.com/2024-adjustments-to-the-insurable-wage-ceiling-pensions-and-grants/
Self-employed contribution rate
8.8% of insurable income (self-employed persons pay both portions)National Insurance Act — https://www.nib-bahamas.com/about-nib/contributions/
Income tax withholding (PAYE)
None — no income tax is withheld from wages; only NIB contributions are deductedNational Insurance Act
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