Bs Payroll Social

---
name: bs-payroll-social
description: "Source-cited draft: payroll & social contributions for Bahamas (tax year 2025) — rates, thresholds and rules with primary-source citations. Unverified; pending local-accountant review."
license: "AGPL-3.0-or-later (code) / OpenAccountants Guide License v1.0 (content)"
metadata:
  source: openaccountants
  openaccountants_url: "https://www.openaccountants.com/skills/bs-payroll-social"
  jurisdiction: "BS"
  tax_year: "2025"
  last_updated: "2026-07-13"
---

# Bahamas Payroll & Social Contributions

## Bahamas Payroll & Social Contributions

## National Insurance (social security) contributions

- **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 wages %  _(National Insurance Act — https://www.nib-bahamas.com/about-nib/contributions/)_
- **Employer contribution rate (employed persons)** — 6.65% of insurable wages %  _(National 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 week BSD  _(National 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 month BSD  _(National 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) % ((approx — confirm))  _(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 deducted  _(National Insurance Act)_
- **Contribution remittance deadline** — By the 15th day of the month following the contribution month  _(National Insurance Act — https://www.nib-bahamas.com/about-nib/contributions/)_
- **Employer registration** — Employers must register with the National Insurance Board and obtain an employer registration number before paying wages  _(National Insurance Act — https://www.nib-bahamas.com/about-nib/contributions/)_

## Today's figures and who stands behind this skill

This file is an AI skill (tax rules your AI follows) from OpenAccountants, copied on 2026-07-13. Rates, thresholds and deadlines change. For the current version of this skill, its official sources and the named accountant (if any) who stands behind it, call `get_skill` with slug `bs-payroll-social` on the OpenAccountants connector (https://www.openaccountants.com/connect), or read https://www.openaccountants.com/skills/bs-payroll-social. If neither is available, confirm every figure against the official source pages cited above before relying on it.