Frequently Asked Questions

In this section you will find all the frequently asked questions about the facilities and services offered at the Barbados Revenue Authority.

When do I incur penalty and interest charges and what are the rates?

Late Filing Penalty of:

  • $500.00 effective from income year 2011. 
  • $100.00 prior to income year 2011
  • 5% penalty is applicable to the unpaid balance due by by April 30.

 Late Payment Penalty of:

  • 5% penalty is applicable to the unpaid balance due by by April 30.

Interest of:

  • 1% per month is applied to outstanding tax and penalty.