The Bahamas

Ekwo is free, open source accounting software. Its Bahamas pack carries the chart of accounts (The Bahamas reference chart of accounts, 146 accounts), 3 tax rates in BSD, the periodic return (VAT return, 18 boxes), and the financial statements (Statement of financial position, Statement of profit or loss). Last checked on 2026-10-17 against 10 texts of law and official sources.

Country code: BS
Currency: BSD
Pack version: 0.2.0
Last checked: 2026-10-17

Set up Ekwo for The Bahamas The pack, file by file

What the pack carries

Charts of accountsWhat a company installs, and who each chart is published for.: default (default) — 146 accounts, for companies
TaxesHow many the pack carries, at which distinct rates, and which treatments it can express.: 14 taxes at rates of 0, 5, 10
domestic, exempt, export, import, not_subject
Periodic declarationThe form the accounts are read into, the cadences it is filed on, and how many boxes it has.: BS-VAT — 18 boxes, filed month or quarter
When it is dueA rule of the country, not a date. A pack that cannot state its rule states nothing.: day 21 of the month after the period
The file it is deposited asThe brick of packages/formats that writes it, where one exists.: filed by hand on the administration’s portal
Electronic invoicingThe profile the country imposes, the day it starts, and the text that imposes it.: no profile — no obligation in law
None of the texts consulted (the VAT Act and its amendments to 2025, the Department's guidance on invoices, sales receipts, credit notes and debit notes, its payment page) imposes a structured electronic invoice or a clearance system: a VAT invoice is a document with prescribed particulars (s. 54) and the return is filed online. No Peppol authority or published profile was found, so `profile`, `party_scheme` and `vat_scheme` are null and `obligation` is `none`.
Where the tax balance landsThe accounts a filed declaration settles to, by role.: payable 2110
receivable 1155
Bank statementsThe formats this country’s banks send, and whether anything here reads them.: no format named
Payment filesThe formats the country’s banks accept for an outgoing payment.: no format named
Financial statementsThe schemes the chart reports on, and the taxonomy their keys are written against.: BS-IFRS-SFP — 32 lines
BS-IFRS-IS — 10 lines
Who has read itA pack is reviewed when a named professional has read it against the law, and never before.: community no named reviewer
10 sources cited
Last checked against the lawThe most recent day somebody opened one of the texts the pack was built from.: 2026-10-17
Pack versionWhat this pack calls itself, the day it says its transcription is true, and the languages it publishes.: 0.2.0 — published 2026-10-23
en

Free, and operated

Where the open core stops.

The line is operational, not functional. Everything that keeps working on its own is open core; what needs credentials, a certificate or a channel somebody keeps running is the hosted edition.

BS-VATdeclaration

Free, for everComputed from the ledger, frozen box by box, filed by hand on the administration’s portal, and what it owes is carried to 2110. The deposit number and the administration’s own words come back into your own database.

OperatedTransmission: the credentials, the certificate and a channel somebody keeps running. The return stays yours.

What it was built from

10 sources — the law this pack was read against

Value Added Tax Act, 2014 (Ch. 370A), reprint as at 1 July 2024: ss. 6, 7, 19 to 21, 45 to 47, 50, 54 and the First, Second and Third Schedules
Department of Inland Revenue, Commonwealth of The Bahamas · law · read 2026-10-17
Value Added Tax (Amendment) (No. 2) Act, 2021 (No. 32 of 2021, assent and gazette 13 December 2021): the Act that amends section 6 (the published copy is an image scan; the reprint cites it as the amendment of the rate)
Department of Inland Revenue, Commonwealth of The Bahamas · law · read 2026-10-17
The Bahamas VAT Rate Reduced from 12% to 10% — reports the gazette of 13 December 2021 and the effect from 1 January 2022
Orbitax · guidance · read 2026-10-17
Value Added Tax (Amendment) Act, 2025 (assent 31 March 2025, in force 1 April 2025): section 6(1)(b), the reduced rate of 5 % and the Fourth Schedule
Department of Inland Revenue, Commonwealth of The Bahamas · law · read 2026-10-17
Value Added Tax (Amendment) Bill, 2026 — a Bill, read as published: it would exempt the Fourth Schedule goods sold unprepared by a food store from 1 April 2026; whether it was passed was not confirmed
Department of Inland Revenue, Commonwealth of The Bahamas · law · read 2026-10-17
VAT return form (worksheet 32a, standard rate): sections A to E, output tax, input tax and the VAT payable or credit (the copy online still prints 7.5 %; its line numbers are those of the guidance on completing the return)
Department of Inland Revenue, Commonwealth of The Bahamas · form · read 2026-10-17
VAT Guidance on Completing a VAT Return, standard method (version of 1 January 2017): lines 1 to 31 of the return, still printing the 7.5 % rate of that year
Department of Inland Revenue, Commonwealth of The Bahamas · guidance · read 2026-10-17
Payment – VAT: the return and the payment are due within 21 days after the end of the VAT period, filed online
Department of Inland Revenue, Commonwealth of The Bahamas · guidance · read 2026-10-17
Value Added Tax — the Department's VAT pages (legal texts, forms, payment, FAQs); the online filing service is vat.revenue.gov.bs
Department of Inland Revenue, Commonwealth of The Bahamas · portal · read 2026-10-17
ISO 4217 currency code list, list one — BAHAMAS (THE), Bahamian Dollar, BSD, 044, two minor units
SIX Group (maintenance agency of ISO 4217) · standard · read 2026-10-17

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