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January 6, 2023
By the time the March 31 deadline arrives, Government should be close to the target of $115 million via the Pandemic Contribution Levy. When it was announced in the Budget, Prime Minister Mia Amor Mottley said the Barbados Revenue Authority should collect $100 million from corporate donations and another $15 million from individuals who earn more than $6 250 monthly. “At the end of October the Pandemic Levy collected was …
June 30, 2022
An Independent Senator has voted against the legislation for the imposition of Government’s Pandemic Contribution Levy. Dr Kristina Hinds was the sole voice yesterday voting “no” against the Pandemic Contribution Levy Bill 2022 when it was debated in the Senate yesterday. While she agreed that Government needed to raise money to counter the expenses incurred in trying to protect Barbadians and the economy from the fallout of the COVID-19 pandemic, …
March 15, 2022
A summary of Fiscal Measures as announced by Prime Minister Mia Mottley in the Financial and Economic Statement on March 14, 2022 in the House of Assembly. Effective March 16, 2022 the dollar amount of VAT payable on gasoline will be capped at 47 cents per litre for six months. Effective March 16, 2022 the dollar amount of VAT payable on diesel will be capped at 37 cents per litre …