Upper Income Tax Band Start Date is 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, 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 Investment, Mia Amor Mottley, as part of the Budgetary Proposals on June 11.

Barbados Revenue Authority

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