The VAT Rates are as follows:
- 0% - Zero-rated items
- 7.5% - VAT on accommodating direct tourism services
- 17.5% - Rate for standard supplies
- 22% - VAT on telecommunications services
What is the VAT Threshold?
| Timeline | VAT Threshold | ||
|---|---|---|---|
| Commence | End | Annually | Monthly |
| January 1, 2016 | Present day | $200,000 | $16,667 |
| December 1, 2010 | December 31, 2015 | $80,000 | $6,667 |
| January 1, 1997 | November 30, 2010 | $60,000 | $5,000 |