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.