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1. What is a Barter Exchange?
2. How do barter transactions affect my businesses TAX?
3. Terms and Conditions
4. Privacy Policy

1. What is a Barter Exchange?

A barter exchange provides a service to its network of members by acting as a facilitator and third party record-keeper for barter transactions between members on the trading platform.

Members barter goods and services they have for goods and services they need without the use of cash.

2. How do barter transactions affect my businesses TAX?

As with a traditional bank account, the PAYMENT TYPE does not affect your businesses tax. So whether you pay or are paid by cheque, credit through an account, credit card or cash, you generate or receive a tax invoice and pay VAT and any other taxes as usual.

Afribarter is a payment facilitator for barter transactions. So when using your Afribarter account to sell your product or service, you will be paid into your Afribarter account, in Trade Credits. When the transaction is processed you will generate a tax invoice and pay VAT and taxes as usual.

The way to over come high tax charges is to equal your account debits with your account credits. This means, if a business buys your product or services, spend the Trade Credits you earn within a reasonable period. In this way your debits = your credits which means you have had no Value Add and it balances your Value Added Tax (VAT) to zero.

3. Terms and Conditions

4. Privacy Policy