CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.


Close

Password Reminder

Please enter your email address to receive a password reminder.

 

Log into Tax-News+
Not registered yet? Find out about our daily news alert service »

Email Address: 
Password: 

Login »

Forgotten your password?


Today’s Top Headlines




Barbados Reviewing VAT Exemptions For Imports

by Mike Godfrey, Tax-News.com, Washington

19 January 2015

The Value-Added Tax (Amendment) Bill 2015 was passed by Barbados's Parliament on January 13, 2014, and forwarded to the Senate.

The law includes provisions to amend the VAT Act to ensure that tax is levied on imported goods regardless of whether a reduced rate or no import duty is payable under the Customs Act or any other Act.

According to comments during the parliamentary debate, the Government intends to substantially reduce the number of goods subject to a VAT reduced rate or an exemption, with 409 imported goods currently not subject to the 17.5 percent headline rate.

TAGS: VAT rates | tax | value added tax (VAT) | law | import duty | Barbados | services | VAT goods & services classification | Tax

To see today's news, click here.

Leave a comment

Read our Posting Guidelines