Barbados VAT changes

Fri 31st Jul 2015

The Barbados Budget for 2015/2016 was approved by parliament this month. VAT changes included:

  • The VAT registration threshold is to by increased from BBS$ 80,000 to BBS$ 200,000 per annum
  • The gaming industry is to be brought into the VAT net, with the introduction of the standard 17.5% from 1 September 2015
  • The range of goods subject to nil VAT is to be reduced particularly those with low health benefits

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