VAT and Sales Tax in Saint Vincent and the Grenadines

Saint Vincent and the Grenadines imposes a Value Added Tax (VAT) on the supply of goods and services. This guide covers the VAT rates, registration requirements, filing obligations, and compliance for businesses.

VAT Rates (2026)

Saint Vincent and the Grenadines VAT applies at the following rates:

• Standard Rate: 16% — applies to most goods and services
• Hotel Accommodation: 10% — reduced rate for tourist accommodation
• Exports: 0% — zero-rated for exported goods and services

Registration Threshold

Businesses must register for VAT if their annual taxable turnover exceeds EC$120,000. Voluntary registration is available for businesses below the threshold.

Taxable Supplies

VAT applies to:

• Supply of goods and services in Saint Vincent and the Grenadines
• Importation of goods
• Certain deemed supplies

Exempt Supplies

The following are exempt from VAT:

• Basic food items
• Medical services
• Educational services
• Financial services (certain types)
• Residential rental property
• Insurance services

Input VAT Recovery

Registered businesses can recover VAT paid on business purchases (input VAT) against the VAT collected on sales (output VAT). Input VAT on exempt supplies is generally not recoverable.

VAT Filing

• Filing Frequency: Monthly or quarterly depending on turnover
• VAT Return: Due by the 15th day of the following month (monthly filers)
• Payment: Net VAT payable must be remitted with the return
• Penalties: Late filing and late payment penalties apply

Record Keeping

Businesses must maintain VAT records for at least 6 years, including:

• Sales and purchase invoices
• Import and export documents
• VAT returns and payment receipts
• Credit and debit notes