Inland Revenue Department (IRD)
Form VAT — VAT Monthly Return
Declare your taxable supplies and remit VAT to the Inland Revenue Department
- Form ID
- VAT
- Who must file
- All VAT-registered businesses (annual gross sales exceeding XCD 120,000)
- Filing frequency
- Monthly
- Filing deadline
- 15th of the month following the tax period
- Regulator
- Inland Revenue Department (IRD)
The VAT Monthly Return is filed with the Inland Revenue Department of Saint Vincent and the Grenadines by all VAT-registered businesses. The standard VAT rate is 16%. Returns must be filed for every month without exception, including nil returns.
Late filing incurs a penalty of XCD 500 or 5% of the tax due, whichever is greater. Chronic late filing incurs XCD 250 per month. Filing can be done via the e-Tax Platform at etax.gov.vc or in person at the IRD office.
Learn more about how HeadOffice can help you manage your Saint Vincent and the Grenadines business finances and stay on top of your VAT obligations.