CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Barbados To Tax Lottery Winnings

Barbados To Tax Lottery Winnings

by Mike Godfrey,, New York

21 November 2013

The Government of Barbados has announced that it will apply a 15 percent tax to lottery winnings which surpass USD100,000.

When the measure was first announced some industry insiders expressed concerns about how it would impact the structure of their industry. The finance ministry claimed that it found some of those concerns to be valid upon investigation and amended the measure accordingly.

The amended version will be re-submitted to Parliament once it has been approved by the Cabinet.

The ministry is now finalizing the proposal, a process which is expected to take a few weeks. Industry players will be informed when it is complete.

The government also revealed that it is close to completing legislation for the Consolidation Tax, the Tax on Bank Assets, and the Municipal Solid Waste Tax. The implementation of these taxes, in addition to the Lottery Winnings Tax, will mark the fulfillment of the tax component of the government's 2013 fiscal measures.

TAGS: tax | legislation | Barbados | Tax

To see today's news, click here.

Leave a comment

Read our Posting Guidelines

Terima kasih banyak Aky Ternyata Angka jitu hasil Ritual KI JAYA Yang saya minta ternyata Tembus SGP 4D MINGGU 2 PEBRUARI 2014 DENGAN ANGKA 2674 Puji TUHAN SAYA mendapatkan kemenangan 500 juta. Sampai-sampai saya mengeluarkan Air mata, SAYA sangat terharu, bahagia dan bersyukur kpd TUHAN Yang Maha Esa. Skrng SAYA sudah memiliki modal untk buka usaha sendiri dan sdh membeli Rumah dan yg paling utama SAYA tdk Terlilit Utang lagi sewaktu SAYA menjadi pegawai pabrik. Jgn pikirkan lagi, langsung hub “KI JAYA” Di (((085-321-606-847_))) Terimakasih banyak Aky Semoga TUHAN membalas kebaikan Anda.

wijaya on Wednesday, February 5, 2014



Password Reminder

Please enter your email address to receive a password reminder.


Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »

Tax-News+ Updates

Receive FREE daily updates from, straight to your inbox. Register Now!

For a tailored solution, choose to receive selected news updates for your preferred jurisdictions and topics, with our enhanced Tax-News+ subscriber service. Read more...


Stay Updated

Please enter your email address to join the 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 »