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Today’s Top Headlines

Barbados To Go Ahead With Cellphone Levy

by Jason Gorringe,, London

29 December 2015

The Government of Barbados is to go ahead with plans to hike the value-added tax rate on mobile phone services.

Minister of Finance and Economic Affairs Christopher Sinckler had announced in the 2015 Budget that the tax on these services would rise from 17.5 percent to 22 percent from January 1, 2016.

The local industry appears to have failed to sway the Government into a u-turn, despite its warnings that the tax hike would result in a fall in revenues overall. Ahead of the tax change, the Government defended the plans saying that it would generate revenues worth BBD14m (USD7m) annually to fund education projects.

TAGS: Finance | VAT rates | tax | value added tax (VAT) | education | Barbados | services | VAT goods & services classification

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