Value Added Tax (VAT) is a tax that's charged on most goods and services that VAT-registered businesses provide in St Vincent and the Grenadines. VAT is charged when a VAT-registered business sells to either another business or to a non-business customer.
When a VAT-registered business buys goods or services they can generally reclaim the VAT they have paid.
There are three rates of VAT, depending on the goods or services the business provides. The rates are:
standard - 15 per cent
reduced - 10 per cent
zero - 0 per cent
There are also some goods and services that are exempt from VAT
This guide explains the basics of how VAT works. It tells you where you can find more information and advice.