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.


Fri, May 26 2023
Increase in Personal Allowance for Persons in Receipt of Pension IncomeThe Prime Minister and Minister of Finance the Honourable Mia Amor Mottley, S.C., M.P., during the Budgetary Proposals and Financial Statement on March 14 2023, announced that, “for income year 2023, the personal income tax allowance for pensioners is increased from $40,000 to $45,000.”
Thu, May 25 2023
Tax-Free Payment of $1500 for Government Workers 2022-2023On Tuesday, March 7, 2023 the Government of Barbados announced it reached an agreement with the Labour Unions in the Public Sector regarding Salaries and Wages 2022-2025. This agreement included a one-off tax-free $1500 lump sum payment for 2022-2023 for all persons who at March 31, 2023, were working in the Public Service and in State Owned Enterprises (“SOEs”) that are dependent on central Government for recurring financial support. The agreement also includes all temporary workers who worked up to the end of March 31, 2023.
Thu, Apr 6 2023
Annual Alternate Fuel LevyOn March 14, 2022, the Minister of Finance, Economic Affairs and Investment (“the Minister”), during the Budgetary Proposals and Financial Statement announced that, “...a new Alternate Fuel Levy with a fixed and variable component for vehicles not powered by diesel or gasoline,” will be implemented effective April 1, 2023. The Levy will apply to Low Emission Vehicles ONLY. For the avoidance of doubt, the Levy will not apply to motor vehicles powered by diesel, gasoline or by a combination of gasoline/diesel and electricity (hybrid vehicles). The Levy applies to BOTH private and commercial Low Emission Vehicles.
Mon, Mar 13 2023
Value Added Tax on the Supply of ElectricityThe Minister in the Ministry of Finance, Economic Affairs and Investment, during the Ministerial Statement on Energy and the Cost of Living on July 19, 2022, announced that, for a period, the rate of Value Added Tax (“VAT”) on supply of electricity would be reduced from 17.5% to 7.5% on the first 250-kilowatt hours used by households.