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Barbados Tax Information

17.5% VAT

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

Blockchain Developer Services to Invoice

  • Smart contracts
  • DApp development
  • Token creation
  • Security audits
  • Web3 integration
  • NFT development
  • Protocol work

Invoice Requirements in Barbados

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

Payment Terms

Milestone payments. Consider accepting crypto payments with specified tokens.

CashNet 14Net 30EOM

Payment Methods in Barbados

Bank TransferFirst CaribbeanRepublic BankCredit CardCash

Blockchain Developer Invoice Tips

  • Reference contract addresses
  • Include audit reports
  • Document gas costs
  • Note testnet vs mainnet
  • Track deployment fees

Frequently Asked Questions

What tax rate applies to blockchain developer 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 blockchain developers in Barbados?

Common payment methods in Barbados include: Bank Transfer, First Caribbean, Republic Bank, Credit Card, Cash. Milestone payments. Consider accepting crypto payments with specified tokens.

What should blockchain developer invoices include in Barbados?

Your invoice should include: TIN number, VAT registration, Client TIN, Invoice number. For blockchain developer services specifically, also include: Smart contracts, DApp development, Token creation.

Should blockchain devs accept crypto?

Many do. Specify accepted tokens and wallet addresses clearly.

How to handle gas fees?

Pass through at cost or include estimate in project pricing.

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.