Tax Band Start Date Now August 1

bgis Ministry News

(Stock Photo)

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 Amor Mottley.

Barbados Revenue Authority

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