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Home / Tolley's Global Mobility: Employment Taxes (Worldwide excluding Europe) /Bahamas /3. Payroll and particular aspects of employee remuneration / 3.1 Payment of wages

3.1 Payment of wages

Bahamas

3.1�� Payment of wages

Section XI of the EA 2001 provides the basic guidance on the payment of wages. It requires that wages are paid at a maximum pay period of monthly in Bahamian currency or by bank transfer or banker's draft.

Payment must not take place at any premises where intoxicating liquor is served,

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3.7 Pregnancy and parental leave

9.1.4 Expats and labour quotas

3.2 Employee stock-based incentive income

7.1 Travel expenses

8.2 Late payment surcharges and penalty imposed by China Social Security Bureau and Housing Fund Centre

5.3.1 Foreign company definition and registration

2.3 Withholding for Self-Help Groups (SHGs) and SHARE donations

1.4 Fringe benefits tax

Return of employees (ROE)

4.3 Company cars

2.2.5 FONACOT withholding

1.3.2 Annual reporting

3.2 Food coupons

9.1 Work permits

2.2.8 Workers' Profit Participation Fund

2.2.3 National Insurance contributions

6.1.2 Reciprocal agreements

2.2.4 Gratuity fund

2.2.1 Employee provident fund (EPF)

1.4.1 Nigerian Social Insurance Trust Fund (NSITF)