Barbados

Barbados cuts VAT to 15% 2020

June 8th, 2018

The new Barbadian government is to cut VAT from 17.5% to 15% on 1 January 2020. The cut is partially aimed at helping to bolster the financial services sector, which cannot recover VAT it is charged as its services are VAT exempt. The government is anxious that regulatory tightening to avoid EU blacklisting may squeeze …


Barbados

Barbados VAT changes

July 31st, 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 …