All Taxpayers Must Register In TAMIS

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The Barbados Revenue Authority (BRA) is urging all taxpayers to register online in the BRA’s new Tax Administration Management Information System (TAMIS), in order to file their 2018 income tax returns next year and to receive any related refunds. This message came from BRA Communication Officer, Erica Lazare, during a media briefing at the Baobab Tower on Wednesday morning, where …

Revenue Authority Holds TAMIS Training Sessions

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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

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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 …

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

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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 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 …

Public Notice From Revenue Authority

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The Barbados Revenue Authority advises the public that services at several of its sections at the Treasury Building, Bridgetown, will be unavailable on Monday, May 28, and Tuesday, May 29, in order to facilitate a training programme. They are the Tax Arrears Management Unit and the Returns Processing, Compliance, and Land Valuation and Assessment sections. Customer Service operations will continue as …