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 2023
- 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.
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.
Barbados Tax Sources & Citations
- EN: Barbados Value Added Tax
- RU: НДС
- CN: 增值税
- Barbados Barbados Revenue Authority Value-Added Tax Division (1)
- Ernst & Young global VAT tax study, Barbados (updated 2023)
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