Create Business Coach Invoice in BBD →

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Barbados Tax Information

17.5% VAT

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

Business Coach Services to Invoice

  • One-on-one coaching
  • Group coaching
  • Strategy sessions
  • VIP days
  • Mastermind groups
  • Workshops
  • Assessment

Invoice Requirements in Barbados

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

Payment Terms

Programs paid in full or 2-3 payments. VIP days require full payment upfront.

CashNet 14Net 30EOM

Payment Methods in Barbados

Bank TransferFirst CaribbeanRepublic BankCredit CardCash

Business Coach Invoice Tips

  • Include package details
  • Reference coaching agreement
  • Track session dates
  • Note program milestones
  • Include bonuses delivered

Frequently Asked Questions

What tax rate applies to business coach 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 business coachs in Barbados?

Common payment methods in Barbados include: Bank Transfer, First Caribbean, Republic Bank, Credit Card, Cash. Programs paid in full or 2-3 payments. VIP days require full payment upfront.

What should business coach invoices include in Barbados?

Your invoice should include: TIN number, VAT registration, Client TIN, Invoice number. For business coach services specifically, also include: One-on-one coaching, Group coaching, Strategy sessions.

How should coaches price packages?

Price based on transformation delivered. Package sessions for better value and commitment.

Should coaches require payment upfront?

Yes, upfront payment ensures commitment. Offer payment plans for higher-ticket programs.

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.