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Barbados Tax Information

17.5% VAT

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

Locksmith Services to Invoice

  • Lockout service
  • Lock rekeying
  • Lock installation
  • Key duplication
  • Safe opening
  • Security assessment
  • Master key systems

Invoice Requirements in Barbados

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

Payment Terms

Due on completion. Emergency calls paid on-site. Commercial accounts Net 15.

CashNet 14Net 30EOM

Payment Methods in Barbados

Bank TransferFirst CaribbeanRepublic BankCredit CardCash

Locksmith Invoice Tips

  • Note service address
  • Include emergency premiums
  • Reference lock brands
  • Document hardware used
  • Track call-out fees

Frequently Asked Questions

What tax rate applies to locksmith 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 locksmiths in Barbados?

Common payment methods in Barbados include: Bank Transfer, First Caribbean, Republic Bank, Credit Card, Cash. Due on completion. Emergency calls paid on-site. Commercial accounts Net 15.

What should locksmith invoices include in Barbados?

Your invoice should include: TIN number, VAT registration, Client TIN, Invoice number. For locksmith services specifically, also include: Lockout service, Lock rekeying, Lock installation.

Emergency rate?

Charge premium for after-hours (1.5-2x). State clearly before dispatch.

Service call fee?

Minimum call-out fee covers travel. Apply to job cost if service performed.

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.