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Persons who are required to be registered: |
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Any person who carries on a taxable activity and whose annual gross standard rated, concessionary-rated and zero-rated supplies (a definition of zero rated supplies is given at No.9) are Bds. $60,000.00 or more is required to apply for registration. Value Added Tax Act Sections 33 and 34. |
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Any person who carries on a taxable activity for less than 12 months and whose average monthly taxable supplies Bds.$5,000.00 or more. |
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All promoters of Public Entertainment and every licensee or proprietor of places of public entertainment must register for Value Added Tax purposes even if their annual gross sales/receipts are less than Bds. $60,000.00. Value Added Tax Act, Section 34(6) |
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If a person makes only exempt supplies he will not be required to register for Value Added Tax. However, if he makes both taxable and exempt supplies and his taxable supplies exceed the threshold (Bds. $60,000.00) then he will be required to register. |
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For Value Added Tax it is not the business activity which is registered, but the person who conducts it. Registration covers all the business activities of that person. |
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If the person conducting the taxable activity is an organisation (i.e. not an individual), it is the organisation that must apply for registration. The individual partners or members do not register. The registration of a partnership, trustees of a trust or estate is in the name of the partnership, trust or estate respectively. |
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A person may apply for branch registration. |
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A person who can show firm intention that he will make taxable supplies by specified date. |
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A charity that carries on taxable activities in the form of a business. |
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Application for registration must be made on the approved form |
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Persons who are not required to be registered: |
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Persons who only make exempt supplies. |
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A person having annual standard-rated and zero-rated supplies of less than Bds. $60,000.00 or average monthly taxable supplies of less than Bds. $5,000.00. The Comptroller of Customs may however exercise his discretion and register a person who has applied for Value Added Tax registration whose taxable supplies fall below the above-mentioned threshold limits, if he is satisfied that the individual can keep adequate books and records. Value Added Tax Act, Sections 34(5); 35(1) |
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Non-resident suppliers who do not deliver the goods in Barbados or physically perform services in Barbados. |
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Charities that do not carry on taxable activities in the form of a business. |
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Registration Certificates: |
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On registration, the person will receive an advice of registration letter, and then a Certificate of Registration |
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The Certificate of Registration should be displayed in a conspicuous place at all times. |
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Where a person conducts business at more than one location, additional Certificates should be applied for to be displayed at each location. |
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A branch Registration Certificate is issued for each branch that is registered. |
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The Registration Certificate is the property of the Customs and Excise Department. It must be kept in a secure place and returned on the cancellation of registration, or when there is a change in the information contained therein. |
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Registrants should not make copies of the Certificate. |
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