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Barbados Tax Information

17.5% VAT

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

Fitness Consultant Services to Invoice

  • Program design
  • Facility management
  • Staff training
  • Equipment procurement
  • Safety audit
  • Member retention
  • Sales training

Invoice Requirements in Barbados

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

Payment Terms

Project-based or monthly retainer. Equipment procurement paid upfront.

CashNet 14Net 30EOM

Payment Methods in Barbados

Bank TransferFirst CaribbeanRepublic BankCredit CardCash

Fitness Consultant Invoice Tips

  • Reference deliverables
  • Include timeline
  • Note staff trained
  • Document audit results
  • Track implementation

Frequently Asked Questions

What tax rate applies to fitness consultant 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 fitness consultants in Barbados?

Common payment methods in Barbados include: Bank Transfer, First Caribbean, Republic Bank, Credit Card, Cash. Project-based or monthly retainer. Equipment procurement paid upfront.

What should fitness consultant invoices include in Barbados?

Your invoice should include: TIN number, VAT registration, Client TIN, Invoice number. For fitness consultant services specifically, also include: Program design, Facility management, Staff training.

How to price consulting?

Project fee for audits/launches. Retainer for ongoing management.

Bill for travel?

Yes, bill travel expenses for site visits. State in contract.

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.