Revenue Authority Holds TAMIS Training Sessions

bgis Ministry News

The Barbados Revenue Authority facilitated more than 50 administrators responsible for payroll at 22 educational institutions in a series of training sessions on the new Tax Administration Management Information System (TAMIS) during the last week of September. As part of the interactive sessions held at the Baobab Tower in Warrens, participants were taken through the registration process and introduced to …

Delay In Tax On Online Transactions

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Government will delay the introduction of value added tax on online transactions by two months. This disclosure came today from acting Minister of Finance, Ryan Straughn, who explained that Government was in the process of bringing legislation that would allow the Barbados Revenue Authority (BRA) to delegate authority to a third party for the collection of taxes online. “That legislation …

BRA Participates In CARICOM-OECD Workshop

bgis Ministry News

The Barbados Revenue Authority was among seven other tax administrations in the region represented at a CARICOM-OECD (Organisation for Economic Co-operation and Development) Workshop, in Kingston, Jamaica, last week. The two-day workshop provided member states with an opportunity to discuss the impact and progress of the Base Erosion and Profit Shifting (BEPS) Project in the Caribbean Community, while sharing experiences …

2018-2019 Land Tax Bills Being Issued

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The Barbados Revenue Authority (BRA) has started issuing land tax bills for the financial year 2018-2019. The BRA’s Manager, Communications and PR, Carolyn Williams-Gayle, has advised that the issue date for this year’s bill is September 24, 2018. “In relation to the issue date on the bills, taxpayers can benefit from a 10 per cent discount if payment is made …

Reminder To File & Pay New Tourism Levies

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All tourism sector practitioners who provide tourist accommodation to visitors and locals are required to charge a Room Rate Levy to their guests, and all persons who provide direct tourism services are required to apply a Product Development Levy to the cost of those services. This reminder comes from the Barbados Revenue Authority (BRA) Communications Officer, Erica Lazare, regarding the …

Apply Now For Pensioner’s Rebate

bgis Ministry News

The Barbados Revenue Authority is advising pensioners that they can now apply for the Pensioner’s Rebate on their 2018 to 2019 Land Tax Bills. The Authority is therefore requesting that only new applicants should apply by either downloading the form from the Authority’s website at www.bra.gov.bb, or by visiting any of the Authority’s offices located at the Treasury Building, Bridgetown; Weymouth …

Upper Income Tax Band Start Date is August 1

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Employers are asked to note that the Ministry of Finance, Economic Affairs and Investment has changed the effective date of the new upper income tax band from July 1, 2018, to August 1, 2018. The introduction of a new upper income tax band of 40 per cent on those whose assessable incomes are greater than $75,001, was announced by Prime Minister and Minister of Finance, Economic Affairs and …

Tax Band Start Date Now August 1

bgis Ministry News

Employers are asked to note that the Ministry of Finance, Economic Affairs and Investment has changed the effective date of the new upper income tax band from July 1 to August 1, 2018. The new upper income tax band of 40 per cent on those whose assessable incomes are greater than $75,001, was announced as part of the mini-budget on June 11, by Prime Minister Mia …

Heavy Traffic Resulting In Delays With ASYCUDA

Julia Rawlins-Bentham Ministry News

Members of the public are asked to note that a surge in usage on the ’s ASYCUDA++ System has resulted in some further difficulties being experienced. As a result, importers and exporters are experiencing delays in processing their documents. Acting Comptroller of Customs, Annette Weekes, explained that persons trying to access the system were either being “knocked off”, or cashiers …

Mandatory Room Rate Levy From July 1

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Tourism accommodation providers are being reminded that effective Sunday, July 1, a mandatory “Room Rate Levy” will be applied to all bedrooms per night on the island. In a notice issued today, the Ministry of Tourism and International Transport stated that the levy, which is to be paid by guests, will be applied at the following rates: Villa Sub Sector …