Gov’t Signs Loan Agreement With CAF

Sharon Austin Top Stories

Government today signed a loan agreement with the Latin American Development Bank (CAF) for US$15 million to finance Barbados’ Tax Administration Infrastructure Reform Programme. Shortly before signing the document, Minister of Finance, Christopher Sinckler, said the programme would be implemented over a two-year period at a cost of US$18.93 million, with Barbados providing US$3.93 million in counterpart funding. Mr. Sinckler …

Tax Amnesty To End November 30

bgis Ministry News

The Barbados Revenue Authority has reminded individuals and businesses that this year’s Tax Amnesty Programme ends on Thursday, November 30. This amnesty covers arrears incurred up to May 31, 2017. The taxes eligible for the waiver of penalty and interest under the tax amnesty programme are Value Added Tax (VAT), Land Tax, Income Tax, P.A.Y.E. and Corporation Tax. To participate in the Tax …

Earlier Opening For Land Tax Payments

bgis Ministry News

The Barbados Revenue Authority’s payment section at Weymouth Corporate Centre, Roebuck Street, St. Michael, will open at 7:30 a.m. until Friday, October 27, to accommodate taxpayers who are seeking to take advantage of the early payment discount period for land tax. The Authority’s payment sections at the Treasury Building, Bridgetown; and Holetown, St. James locations will continue to open at …

Transition Delays Costing Barbados

Sharon Austin Top Stories

The delay in the Customs Department transitioning into the Barbados Revenue Authority (BRA) is costing the country. This disclosure came from Minister of Finance, Christopher Sinckler, over the weekend as he addressed the annual general meeting of the Customs Brokers at the Small Business Centre in Fontabelle. Mr. Sinckler told the gathering: “What has happened because of those delays is …

Early Closure For BRA’s Treasury Branch

bgis Ministry News

The Barbados Revenue Authority (BRA) has advised the public that its Treasury Building location will close for business at 2:00 p.m. tomorrow, Friday, September 22, to facilitate maintenance work. The BRA’s locations at Weymouth, Warrens, Holetown, Oistins and The Pine will continue with normal business hours. Members of the public have been urged to arrange their business accordingly. Any inconvenience …

Tax Payment Deadline Approaching

bgis Ministry News

Taxpayers are reminded that the second half of their Income Tax payable for the year 2016 is due by Saturday, September 30, 2017. The Barbados Revenue Authority has advised that penalties and interest will be applied if this tax is not paid in full by the deadline. Any 2016 Income Tax payments outstanding after September 30, will not be eligible for the current …

BRA Customer Service Dept. Relocated

bgis Ministry News

The public is advised that the Barbados Revenue Authority (BRA) has temporarily relocated its Customer Service Department at the Treasury Building to the fourth floor, to facilitate renovation works being carried out on the ground floor. Communications Manager, Carolyn Williams-Gayle, said that the renovations formed part of the Authority’s overall plans to enhance service delivery. “This section is the first point …

Revenue Authority Donates To Food Bank

bgis Ministry News

The Barbados Revenue Authority recently donated a barrel of non-perishable food items to the HIV/AIDS Food Bank following an internal food drive. Manager Communications and Public Relations at the Authority, Carolyn Williams-Gayle, stated during the handover that the drive was held to support the Food Bank during an off-peak period. “At the beginning of this year, there was a report …

BRA Updates Financial Institutions

bgis Ministry News

The International Taxation Unit of the Barbados Revenue Authority (BRA) recently convened a session with compliance officers of financial institutions to provide an update on the new regulations governing exchange of information. The presentations, which came ahead of the July 31 Foreign Account Tax Compliance Act (FATCA) filing deadline, reviewed the FATCA regulations, Common Reporting Standard (CRS) regulations and the …