New Upper Tax Band
Please note that the upper band of Individual Income Tax rates has been changed effective August 1, 2018 for the income year 2018.
bra.gov.bb/News/Policy-Notes/New-Upper-Tax-Band.aspx
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%.
bra.gov.bb/News/Policy-Notes/Personal-Income-Tax-PIT.aspx
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.
bra.gov.bb/News/Policy-Notes/Reverse-Tax-Credit-RTC.aspx