BB Value-added tax (VAT) Rates Barbados — Value-added tax (VAT)

General VAT Rate Other Rates Local Currency
18% 7.5%, 0% Dollar (BBD)

Barbados's general VAT rate is 18%, with other rates including 7.5% and 0% that can apply to certain transactions. The Value-added tax (VAT) is administered by the Barbados Revenue Authority Value-Added Tax Division in Bridgetown.

Barbados is a member of the CARICOM trading bloc, which may affect international VAT collection and regulations.

Barbados's consumption tax is called the Value-added tax (VAT), which was introduced in January 1997.


Barbados VAT rates for 2017

Standard
17.5%
Reduced
7.5%
Other
Zero-rated (0%) and exempt; a rate of 22% has been proposed

Barbados VAT number format

Businesses in Barbados that are required to collect tax will be issued an identification number. Tax identification numbers can be verified with the Barbados Revenue Authority Value-Added Tax Division, and will follow a certain format. The VAT number format is 2XXXXXXX-X (9 digits).


Barbados VAT return periods

Businesses in Barbados that are required to collect tax from consumers must file regular tax returns with the Barbados Revenue Authority Value-Added Tax Division in Bridgetown. Barbados's VAT return periods are:

Bimonthly and monthly


Barbados Value-added tax (VAT) Thresholds

These are the revenue thresholds at which businesses in Barbados are required to start collecting and remitting tax.

Registration
BBD200,000

Recovery of VAT by non-established businesses

Non-established businesses are small, unincorporated businesses that sell taxable goods and may consist of a single individual, or several. Non-incorporated businesses in Barbados are not required to collect taxes from the consumer.


Barbados VAT Refunds

Many countries allow tourists, and others making purchases for export, to receive a VAT refund on exiting the country (or make purchases VAT free). While we don't have data on the Barbados VAT refund program, more info can be obtained from the Barbados Revenue Authority Value-Added Tax Division.


BB Value-added tax (VAT) Rates Barbados Tax Sources & Citations

  • EN: Barbados Value Added Tax
  • RU: НДС
  • CN: 增值税
Note: This page is intended to be a simple overview of Barbados's consumption tax structure, is provided as-is, and is not legal advice. Please let us know if any of the Barbados tax information on this page is incorrect or out of date.
Citations:
  1. Barbados Barbados Revenue Authority Value-Added Tax Division (accessed 2017)
  2. Ernst & Young global VAT tax study, Barbados (updated 2017)

  3. ← Back to World VAT Rates
** This Document Provided By SalesTaxHandbook **
Source: http://world.salestaxhandbook.com/bb-barbados