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Today’s Top Headlines

Barbados VAT Changes Effective From September 1

by Jason Gorringe,, London

01 September 2015

Changes to Barbados's value-added tax (VAT) rules, announced in the 2015 Budget, entered into force on September 1, 2015.

Barbados has comprehensively changed the list of food items that are exempt from VAT. The remaining items are subject to VAT at the standard rate of VAT, of 17.5 percent.

Also from September 1, 2015, all betting and gaming services are now subject to 17.5 percent VAT.

From January 1, 2016, Barbados will raise the VAT registration threshold from the current BBD80,000 (USD40,000) to BBD200,000.

TAGS: compliance | VAT rates | tax | value added tax (VAT) | VAT legislation | food | legislation | Barbados | services | VAT goods & services classification | VAT compliance matters

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