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Barbados Tax Information

17.5% VAT

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

Financial Advisor Services to Invoice

  • Financial planning
  • Investment advisory
  • Retirement planning
  • Tax planning
  • Estate planning
  • Insurance review
  • Wealth management

Invoice Requirements in Barbados

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

Payment Terms

Fee-only: project-based or AUM percentage. Flat retainer for ongoing planning.

CashNet 14Net 30EOM

Payment Methods in Barbados

Bank TransferFirst CaribbeanRepublic BankCredit CardCash

Financial Advisor Invoice Tips

  • Include advisor registration
  • Reference advisory agreement
  • Note AUM if applicable
  • Document planning deliverables
  • Meet compliance requirements

Frequently Asked Questions

What tax rate applies to financial advisor 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 financial advisors in Barbados?

Common payment methods in Barbados include: Bank Transfer, First Caribbean, Republic Bank, Credit Card, Cash. Fee-only: project-based or AUM percentage. Flat retainer for ongoing planning.

What should financial advisor invoices include in Barbados?

Your invoice should include: TIN number, VAT registration, Client TIN, Invoice number. For financial advisor services specifically, also include: Financial planning, Investment advisory, Retirement planning.

How should financial advisors structure fees?

AUM percentage (0.5-1.5%), flat retainer, hourly, or project-based. Disclose fee structure clearly.

What compliance info should be on invoices?

Advisor registration (CFP, RIA), firm info, and fee disclosure language as required.

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.