Taxation in Barbados

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The Barbados government says it is prepared to implement “tough decisions” to revitalise an ailing economy as it announced a series of new tax measures as part new fiscal policies.

Government is seeking to shore up its tax collection system to ensure that it gets what is due to it.

Finance Minister Chris Sinckler says the plan to impose a new tax on cellular phone calls is still on the table, but a different method will be used to collect the Value Added Tax (VAT).

In an effort to fight the Caribbean island’s obesity epidemic and to change consumer behaviour, the government will put new tax into effect on August 1.

The government of Barbados plans to impose a 10 percent tax on sugary drinks despite widespread objection from the public.

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