Barbados To Go Ahead With Cellphone Levy
by Jason Gorringe, Tax-News.com, 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.
To see today's news, click here.
Tax-News Reviews
A review and forecast of Cyprus's international business, legal and investment climate.
A review and forecast of Malta's international business, legal and investment climate.
A review and forecast of Jersey's international business, legal and investment climate.
A review of the latest budget news and government financial statements from around the world.
Stay Updated
Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.
By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.
To manage your mailing list preferences, please click here »
Network Blogs and Features
- Five Important Reasons to Start a Business in Hong Kong »
- The true value of opening a children's bank account »
- Payroll Delivery Considerations for your Global Mobility Program »
- Akin to Chitty Chitty Bang Bang »
- nothing can be ruled out »
- Company Formation in Malta - Which Legal Format to choose? »
- Gibraltar Focus »
- If at first you don't succeed »
- How to Form an LLC in Florida »
- What is a Dubai Tax Residence Certificate »