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It also provides other functions such as revenue and cashiering for the Barbados Licensing Authority and the Customs Department respectively. It was established on April 1, 2014, by the Barbados Revenue Authority Act, 2014-1 [ 2 ] as a merger between Inland Revenue and Land Tax Departments and the Value Added Tax (VAT) & Excise Divisions of the ...
A value-added tax (VAT or goods and services tax (GST), general consumption tax (GCT)) is a consumption tax that is levied on the value added at each stage of a product's production and distribution. VAT is similar to, and is often compared with, a sales tax .
In 1997 Barbados implemented a general taxation that covers most items. Known as the Value-Added Tax ("VAT") it covers almost all items at a 17.5% tax rate and an 8.75% for hotel accommodations. Exported goods and services, prescription drugs and a few other specific items are zero rated under the legislation.
Map of the world showing national-level sales tax / VAT rates as of October 2019. A comparison of tax rates by countries is difficult and somewhat subjective, as tax laws in most countries are extremely complex and the tax burden falls differently on different groups in each country and sub-national unit.
A gang member “giggled” as he admitted to kidnapping a young Texas woman at gunpoint and threatening to pimp her out and sell her organs, according to cops.
18 October – Barbados at the 2019 Military World Games [2] Death. 21 March: Adzil Holder, 87, cricketer [3] 6 May: Seymour Nurse, 85, cricketer ...
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The government has been chosen by elections since 1961 elections, when Barbados achieved full self-governance.Before then, the government was a Crown colony consisting of either colonial administration solely (such as the Executive Council), or a mixture of colonial rule and a partially elected assembly, such as the Legislative Council.