Bahamas · Compliance deep-dive

Bahamas NIB compliance, explained by Workzoom.

Workzoom calculates Bahamas NIB at 6.65% employer and 4.65% employee on insurable earnings up to B$810 per week through June 30, 2026, rising to B$830 per week from July 1, 2026 forward. C10 monthly remittance is due by the 15th of the following month, with the C13 annual reconciliation at year-end to the National Insurance Board.

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Last updated: 2026-04-27 Regulator: National Insurance Board (NIB) of the Bahamas

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01Current rates

Bahamas NIB rates and ceilings.

Published by National Insurance Board (NIB) of the Bahamas. Workzoom applies these rates automatically on every Bahamian payroll run.

Deduction Employer Employee Ceiling / Floor Effective
NIB
National Insurance Board contributions
Social insurance 		6.65% 4.65% Ceiling: B$810 per week through June 30, 2026; B$830 per week from July 1, 2026 Maximum insurable earnings per week. NIB is not contributed on pay above the ceiling. Pro-rated on monthly payrolls (~B$3,510 per month through June 30, 2026; ~B$3,597 per month from July 1, 2026). Workzoom applies the new B$830 ceiling on the first pay run on or after July 1, 2026. Floor: Statutory minimum insurable threshold Rates effective July 1, 2024; ceiling rises to B$830 per week effective July 1, 2026

Source of record: National Insurance Board (NIB) of the Bahamas.

02Filing calendar

When Bahamas NIB returns are due.

Workzoom generates each filing directly from the live payroll register. The form code, the regulator, and the deadline come pre-wired in every Bahamian pay group.

C10
Monthly remittance
Due by the 15th of the following month

Employers file the C10 with the National Insurance Board listing each insured employee, their insurable earnings, and the employer plus employee contributions remitted. Workzoom generates the C10 automatically from payroll with no manual data entry.

C13
Annual reconciliation
Due January 31 each year

The C13 reconciles the full year of NIB contributions per employee against twelve months of C10 filings. Workzoom produces the C13 from the same payroll engine that generated the monthly C10s, so there is no divergence at year-end.

03Non-compliance

What happens if Bahamas NIB is missed.

Late or missing filings trigger surcharges, interest, and audit exposure. Persistent non-compliance escalates to liability for both employer and employee portions.

  • Surcharge on late contributions. A statutory surcharge applies to any NIB amounts not received by the 15th of the month following the pay period. Workzoom flags missed cycles before the 15th.
  • Interest on outstanding balances. Interest accrues on unpaid NIB amounts until the liability is cleared, compounding the cost of every late C10.
  • Liability for the employee 4.65% portion. If the employer fails to deduct the employee NIB from wages, the employer becomes liable for both the 6.65% employer and 4.65% employee portions. Retroactive recovery from the employee is restricted by statute.
  • Prosecution for persistent non-filing. The National Insurance Act provides for fines and, in severe cases, imprisonment for employers who persistently fail to file or remit NIB.

04Workzoom Payroll · Bahamas

Stop calculating Bahamian NIB by hand.

Workzoom runs NIB automatically inside every Bahamas payroll run. Current rates, the weekly ceiling (B$810 through June 30, 2026, rising to B$830 from July 1, 2026), and the split between employer and employee apply on every pay group and every pay frequency. The C10 and C13 come out of the same payroll engine, so the filing matches the register by construction.

  • Current NIB rates and weekly ceiling applied on every pay run; B$830 ceiling applies on the first pay run on or after July 1, 2026
  • Employer 6.65% and employee 4.65% portions itemized per insured person
  • C10 monthly remittance generated directly from payroll for every pay group
  • C13 annual reconciliation produced from twelve months of matching C10 data
  • Multi-island pay groups managed from one database, no CSV transfers

NIB in Bahamas

What Bahamian employers ask Workzoom about NIB, filings, and payroll integration.

Workzoom applies NIB at 6.65% employer and 4.65% employee on insurable earnings up to B$810 per week through June 30, 2026, and up to B$830 per week from July 1, 2026 forward. The rates took effect July 1, 2024, when the National Insurance Board moved up from the previous 5.9% / 3.9% schedule. The ceiling moves from B$810 to B$830 on July 1, 2026. Both portions roll into the same C10 monthly remittance.
Workzoom caps NIB at B$810 per week through June 30, 2026, equivalent to approximately B$3,510 per month or B$42,120 per year. The ceiling rises to B$830 per week effective July 1, 2026, equivalent to approximately B$3,597 per month or B$43,160 per year, applied automatically on the first pay run on or after that date. Pay above the weekly ceiling is not insurable and is not contributed. Monthly payrolls pro-rate the weekly ceiling automatically inside Workzoom.
Workzoom generates the C10 monthly. The C10 is due to the National Insurance Board by the 15th of the month following the pay period. A January C10 is due by February 15. Late C10s trigger a statutory surcharge plus interest on the outstanding balance.
Workzoom generates the C10 monthly with one pay period of NIB contributions per insured employee, ready to submit. The C13 is the annual reconciliation that aggregates twelve months of C10 data per employee for year-end filing. Both come from the same Workzoom payroll engine, so totals always match.
Workzoom assumes every Bahamian employer must register with the National Insurance Board and contribute NIB for each employee earning above the minimum insurable threshold. Self-employed individuals contribute at a combined rate covering both portions. Directors receiving salaried pay are treated as insured employees.
Yes. Workzoom runs NIB across Nassau, Freeport, Grand Bahama, Abaco, Eleuthera, and the Family Islands from a single database. Island Luck, the Bahamas's largest gaming employer, runs eight payrolls per week across 60+ locations on Workzoom, with NIB calculated per employee and consolidated into one C10.
Workzoom treats bonuses, commissions, and overtime as insurable earnings for NIB up to the weekly ceiling. Treating them as non-insurable creates a gap on the C13 reconciliation and a potential surcharge on the next NIB audit. The B$810 weekly ceiling (B$830 from July 1, 2026) still caps total NIB on high-earning weeks.
Workzoom prevents missed C10s by generating each remittance from the live payroll register. A C10 filed one month late triggers the statutory surcharge plus interest from the original due date. The C13 at year-end will not reconcile until the late C10 is filed and paid.

05Keep going

More on Bahamas payroll and compliance.

NIB is one line in a payroll built to handle every other Bahamian statutory requirement.

Bahamas NIB calculator
Free calculator for NIB at the current 4.65% / 6.65% rates and the B$810 weekly ceiling (B$830 from July 1, 2026).
Bahamas overview
Every Bahamian statutory requirement Workzoom handles, from NIB to multi-island payroll.
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Full payroll feature set for the Bahamas: NIB, C10, C13, garnishments, lending accounts, multi-island pay groups.
Bahamas NIB compliance guide
Long-form guide to running Bahamian NIB correctly all year.
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What Bahamian payroll teams get wrong on NIB, and how to fix it before the next C10.
Cable Bahamas case study
How the Bahamas's largest employer runs payroll on Workzoom, including NIB and multi-subsidiary reporting.

Run Bahamas payroll properly.

NIB is one line in a payroll engine that handles every Bahamian statutory deduction, every filing, and every reconciliation automatically.

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