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 Top News (12/16/2014)
Minister of Finance and Economic Affairs, Christopher Sinckler.
No new taxes
Barbadians will not face any new major tax reform measures, at least for the time being.

This assurance has come from Christopher Sinckler, the Minister of Finance and Economic Affairs, who indicated that no such measures will be implemented before the scheduled April 2015 Budget. Moreover, he said those who have taxes due by December 31, 2014, will receive a three-month amnesty from penalties and interest; and the Freundel Stuart-led Administration intends to revisit and review the controversial Municipal Solid Waste Tax, to determine whether its continued existence in its present form is justified.

Delivering a Ministerial Statement on the current state of the economy, he explained that Government has made the determination not to introduce any new tax reforms, in spite of the suggestions of the International Monetary Fund’s tax study on Barbados. He added that while the IMF’s st...

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