Changes To Personal Income Tax Rates

Changes To Personal Income Tax Rates

(Stock Photo) Employers are reminded of the following change related to personal income tax (PIT) as announced in the 2019 Budgetary Proposal and Financial Statement and which will come into effect from January 1, 2020. The second tax band on taxable income over...
December Prepayment Deadline For Self-Employed

December Prepayment Deadline For Self-Employed

(Stock Photo) The Barbados Revenue Authority (BRA) is reminding self-employed individuals that the third prepayment instalment for Personal Income Tax is due on Monday, December 16.  The amount due for this prepayment is 25 per cent of the tax payable for the 2018...
Changes To Personal Income Tax Rates

Changes To Personal Income Tax Rates

(Stock Photo) Employers are asked to note the following changes related to personal income tax as announced in the 2019 Budgetary Proposal and Financial Statement and which came into effect from July 1, 2019. The first income tax band will be up to $50 000 and taxed...
BRA Taking Filing Constraints Into Consideration

BRA Taking Filing Constraints Into Consideration

(Barbados Revenue Authority) Mindful of the challenges on the part of both employers and employees, the Barbados Revenue Authority will be implementing measures so that employees will not be negatively impacted by their inability to file by May 31. Manager...
Changes To Personal Income Tax Rates

One Week Remains For Tax Filing

(Stock Photo) Taxpayers have just one week remaining to file their 2018 Personal Income Tax returns, before the extended filing deadline comes to a close on Friday, May 31. Manager, Communications and Public Relations at the Barbados Revenue Authority, Carolyn...

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