VAT - Application for Registration

Tags: VAT, registration

Introduction

The Value Added Tax Act, #37/89 requires most businesses and many organizations in Trinidad and Tobago to:

  • Register with the VAT Administration Centre.
  • Collect tax at twelve and a half per cent (12.5%) on supply of goods and prescribed services.
  • Remit the Net VAT collected to the Cashiers Unit, Inland Revenue Division.
  • File a VAT return.

Do I Need One?

All persons making commercial supplies of $600,000 (as of 1/1/2023) or more in the preceding twelve-month period or having evidence (in the sales forecast) supplies will exceed $600,000 in a twelve (12) month period must apply for VAT Registration.

What is needed?

The following, depending on the business type (click to expand)

Sole Proprietors

Sole Proprietors
  • Completed form IA-001
  • Valid form of identification
  • Copy of identification above
  • Acceptable evidence of income/trading required (see below)

Companies/ Partnerships/ Orther Organizations

Companies/ Partnerships/ Orther Organizations
  • Completed form AOI-002
  • Completed form DP-003
  • Valid form of identification for every Directory of the company
  • Copies of identification above

PAYE Number

PAYE Number
  • Completed form AOI-002
  • Valid form of identification for every Directory of the company

VAT Registration

VAT Registration
  • Completed form AOI-002
  • Valid form of identification for every Directory of the company
  • Documentary evidence of income above the VAT threshold