Create Consulting Invoice in TTD →

Free, no registration required. Your data stays in your browser.

Trinidad and Tobago Tax Information

12.5% VAT

VAT is 12.5%. Registration required above TTD 500,000 turnover. BIR registration mandatory.

Consulting Services to Invoice

  • Strategy consulting
  • Management consulting
  • Advisory services
  • Workshop facilitation
  • Retainer arrangements
  • Project consulting

Invoice Requirements in Trinidad and Tobago

BIR number
VAT registration
Client details
Invoice number
VAT (12.5%)
Total in TTD

Payment Terms

Net 30 is standard. Milestone payments for large engagements.

CashNet 14Net 30Net 45

Payment Methods in Trinidad and Tobago

Bank TransferRepublic BankFirst CitizensCredit CardCash

Consulting Invoice Tips

  • Include professional credentials
  • Break down phases clearly
  • Document deliverables
  • Consider value-based pricing
  • Reference engagement letter

Frequently Asked Questions

What tax rate applies to consulting invoices in Trinidad and Tobago?

Trinidad and Tobago has 12.5% VAT. VAT is 12.5%. Registration required above TTD 500,000 turnover. BIR registration mandatory.

What payment methods are common for consultings in Trinidad and Tobago?

Common payment methods in Trinidad and Tobago include: Bank Transfer, Republic Bank, First Citizens, Credit Card, Cash. Net 30 is standard. Milestone payments for large engagements.

What should consulting invoices include in Trinidad and Tobago?

Your invoice should include: BIR number, VAT registration, Client details, Invoice number. For consulting services specifically, also include: Strategy consulting, Management consulting, Advisory services.

How should consultants structure invoices?

Include engagement reference, billing period, hours or deliverables, expenses, and payment terms.

Should consultants charge for travel?

Yes, charge 50% of hourly rate for travel or include in project fee. State policy upfront.

What is Trinidad's VAT rate?

Trinidad and Tobago applies 12.5% VAT on most goods and services. Basic food items and some services are zero-rated.