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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 …
Government can afford to give Barbadians the Christmas VAT Holiday. Stating this is Minister in the Ministry of Finance Ryan Straughn. He said it is "very much affordable for government to be able to sustain it." The government of Barbados
The long-awaited upgrade and expansion of the real time payment system Automated Clearing House (ACH), will roll out in two months, says Minister in the Ministry of Finance Ryan Straughn.Straughn said that Government was doing all it could to advance the island into the digital age and the introduction of this system was one of the key parts of the plan.He made this disclosure on Monday during a press conference at State House, Government Hill, St Michael.He said “In January 2019 I met with all of the financial institutions who participate in the payment system and they have all been able no...
The Ministry of Finance announces that Wednesday, December 21, 2022 shall be a VAT Holiday in Barbados. The objective is to provide a welcome ease for consumers who have faced 33 months of significant economic challenges due solely to the impact of the COVID-19 pandemic and more recently the effects of the war in Ukraine. At this Yuletide season, consumers will see
The decision by Fitch Ratings to assign Barbados a ‘B’ rating with a stable outlook reflects the progress being made by the Mia Mottley administration on the macroeconomic front and that the sacrifices of residents were paying off, says Minister in the Ministry of Finance Ryan Straughn.On Thursday, the New York-based financial services company said it had assigned a long-term foreign currency issuer default rating (IDR) of ‘B’ with a stable outlook. It also assigned a short-term IDR of ‘B’, a country ceiling of ‘B’ and senior unsecured debt level of ‘B’.According to Fitchâ€...