VAT - Application for Registration

Tags: business, VAT, register

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 $500,000 or more in the preceding twelve-month period or having evidence (in the sales forecast) supplies will exceed $500,000 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
  • Completed form IA-001
  • Valid form of identification
  • Copy of identification above
  • Acceptable evidence of income/trading required (see below)
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
  • Completed form AOI-002
  • Valid form of identification for every Directory of the company
VAT Registration
  • Completed form AOI-002
  • Valid form of identification for every Directory of the company
  • Documentary evidence of income above the VAT threshold

Where is it available?

This service is available at the following locations

Is this available online?

Yes, but only if you are already resistered for TTBizLink through TTConnect. Simply log in with your TTConnect username and password.