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.

2022|2021|2020|2019|2018

Sun, Jul 31 2022
Value Added Tax on the Supply of Electricity The 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 will be reduced from 17.5% to 7.5% on the first 250-kilowatt hours used by households.
Fri, Apr 1 2022
Excise Tax on Sweetened Beverages The Minister of Finance and Economic Affairs, Culture, Security and Public Service during the Budgetary Proposals and Financial Statement of March 14, 2022, announced that the rate of excise tax on sweetened beverages will be increased from 10% to 20%.
Fri, Apr 1 2022
Pandemic Contribution Levy CompaniesThrough the Budget, the Minister introduced a Pandemic Contribution Levy on Corporate Profits in certain sectors.
Fri, Apr 1 2022
Pandemic Contribution Levy –IndividualsThe Pandemic Contribution Levy on individuals will be levied on income from sources in Barbados including income from a business, office, employment, rents, dividends, interest and director’s remuneration/fees. Please note that this list is not exhaustive.
Fri, Apr 1 2022
Items Zero-Rated for Value Added Tax (Personal Care et al)In the 2022 Budgetary Proposals and Financial Statement, presented on March 14th, 2022, the Minister of Finance and Economic Affairs, Culture, Security and Public Service (“the Minister”) revised the Value Added Tax (“VAT”) regime to zero-rate some essential personal care items and items which are used primarily to assist with the control of chronic non-communicable diseases, particularly diabetes.