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Barbados Tax Information

17.5% VAT

VAT is 17.5%. Registration required above BBD 200,000 turnover. BRA registration required.

Architect Services to Invoice

  • Schematic design
  • Design development
  • Construction documents
  • Permit drawings
  • Site planning
  • Interior architecture
  • Project management

Invoice Requirements in Barbados

TIN number
VAT registration
Client TIN
Invoice number
VAT (17.5%)
Total in BBD

Payment Terms

Phase-based billing. Percentage at each milestone. Retainer for ongoing projects.

CashNet 14Net 30EOM

Payment Methods in Barbados

Bank TransferFirst CaribbeanRepublic BankCredit CardCash

Architect Invoice Tips

  • Reference project phases
  • Include deliverables per phase
  • Note reimbursable expenses
  • Document design changes
  • Track percentage complete

Frequently Asked Questions

What tax rate applies to architect invoices in Barbados?

Barbados has 17.5% VAT. VAT is 17.5%. Registration required above BBD 200,000 turnover. BRA registration required.

What payment methods are common for architects in Barbados?

Common payment methods in Barbados include: Bank Transfer, First Caribbean, Republic Bank, Credit Card, Cash. Phase-based billing. Percentage at each milestone. Retainer for ongoing projects.

What should architect invoices include in Barbados?

Your invoice should include: TIN number, VAT registration, Client TIN, Invoice number. For architect services specifically, also include: Schematic design, Design development, Construction documents.

How should architects bill for projects?

Percentage of construction cost, fixed fee by phase, or hourly. Phase-based is standard.

What about design changes?

Include scope of changes and bill as additional services beyond original scope.

What is Barbados' VAT rate?

Barbados applies 17.5% VAT on most goods and services. Reduced rate of 7.5% for hotel accommodation. Zero-rated for exports.