YOUR VAT QUESTIONS ANSWERED

30.MAR.07

Question: What is VAT?

Answer: VAT is the acronym for Value Added Tax. VAT is paid on the value of your imports at Customs, or the value added or mark up on goods and services supplied in St. Vincent and the Grenadines by one business to another or to the final consumer.

Question: What is the registration threshold?{{more}}

Answer: The Registration Threshold is the minimum annual gross sales figure which will determine whether a business would register for VAT.

Question: What is a VAT invoice?

Answer: A VAT invoice is a document that a registered business issues to another registered business when a sale is made.

Question: What is a Sales receipt?

Answer: A document that a registered business issues to a final consumer or an unregistered business. .

For further information contact

Miss Gweneth Martin at 456-6099 or 457-2703