VAT Taxable Transactions
VAT is levied on the supply of goods and services in Barbados.
VAT Standard Rate
The standard rate of VAT is 17.5%.
VAT Reduced Rate(s)
The reduced rates of VAT are 8.75% (short-term accommodation and 0% (exports, basic foodstuffs and international freight services).
VAT Exempt Transactions
Financial services, medical services, education and sales of real property are exempt from VAT in Barbados.
VAT Registration Threshold
The registration threshold for VAT purposes in Barbados is B$80,000.
VAT Filing & Payment
Filing of VAT returns and the payment of VAT liability is made every 2 months.