What's Happening

Stay up-to-date on the latest news and happenings within the Barbados Revenue Authority system.

Policy Notes

Please see below all Policy Notes published by the Barbados Revenue Authority.

2019|2018

Thu, Jul 4 2019
Tourism LeviesPlease be advised that the room rate levy will be increased by 75% effective April 1, 2019.
Thu, Jul 4 2019
Reverse Tax Credit (RTC)For the income year 2018 Reverse Tax Credit (RTC) will be paid to individuals with gross income between $18,001 and $25,000.
Thu, Jul 4 2019
Land Tax ChangesIndividuals whose property is valued at $150 000 and less will continue not to pay any land tax. Similarly, there will be no increase in land tax rates for properties valued up to $450, 000 ...
Thu, Jul 4 2019
Compensatory Income Credit (CIC)Please be advised that those who earn above $25,000 but below $35,000 per year, there will be a Compensatory Income Credit (CIC)
Thu, Jul 4 2019
Personal Income Tax (PIT)Effective July 1, 2019, the first tax band will be $50,000 at a rate of 12.5%, the second tax band is on taxable income over $50,000 which is charged a rate of 33.5%.