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Barbados Tax Information

17.5% VAT

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

IT Consultant Services to Invoice

  • IT strategy
  • Tech assessment
  • Vendor selection
  • Digital transformation
  • IT audit
  • Process improvement
  • Project management

Invoice Requirements in Barbados

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

Payment Terms

Project-based or retainer. Day rates for senior consultants.

CashNet 14Net 30EOM

Payment Methods in Barbados

Bank TransferFirst CaribbeanRepublic BankCredit CardCash

IT Consultant Invoice Tips

  • Reference deliverables
  • Include recommendations
  • Document assessments
  • Note plans
  • Track phases

Frequently Asked Questions

What tax rate applies to it 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 it consultants in Barbados?

Common payment methods in Barbados include: Bank Transfer, First Caribbean, Republic Bank, Credit Card, Cash. Project-based or retainer. Day rates for senior consultants.

What should it consultant invoices include in Barbados?

Your invoice should include: TIN number, VAT registration, Client TIN, Invoice number. For it consultant services specifically, also include: IT strategy, Tech assessment, Vendor selection.

How to price IT consulting?

Day rates for senior, project-based for scope, retainer for advisory.

Bill travel separately?

Yes, pass through or include in day rate. State policy.

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.