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Part-Exchanges, Returned Goods, Deposits etc.

What A VAT Debit Note Must Show

 

 

The debit note must contain the words “VALUE ADDED TAX DEBIT NOTE” prominently.

 

The debit note must also contain the following:

 

a) The name, address and TIN of the supplier and recipient;

b) The serial number of the debit note and the date on which the debit note was issued;

c) The reason for the issue of the debit note and sufficient information to indicate the taxable supply it relates to;

d) The consideration of the supply shown on the original VAT invoice and, if it has changed, the correct amount of the consideration for the supply ;( make reference to previous invoice)

e) The effect of the VAT adjustment event on the VAT payable, shown by specifying:

 

1)    The amount of VAT previously payable in relation to the supply, as shown on the original VAT invoice or, if relevant, as shown on the most recent VAT debit note issued in relation to the supply.

 

2)    The correct amount of VAT payable in relation to the supply following the VAT adjustment event that gave rise to the requirement to issue the debit note; and

 

3)    The difference between those two amounts, shown as a debit.

Contact Us

St. Lucia Inland Revenue Department
VAT Section
Manoel Street
Castries
St. Lucia, W.I.

Tel: (758) 468 2800
Fax: (758) 452 4984
Email:
vatcoordinator@vat.gov.lc
vatinfo@vat.gov.lc

Useful Links

Inland Revenue Department  www.irdstlucia.gov.lc

 

Government of Saint Lucia  www.stlucia.gov.lc

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