The Barbados Minister of Finance Christopher Sinckler presented the country's 2015 Budget on 15 June 2015. The main tax related measures proposed are summarized as follows:
Value Added Tax (VAT)
- From 1 September 2015, certain food items not available from local sources will be recategorized as subject to the standard 17.5% VAT rate instead of zero-rated, and all betting and gaming services will no longer be VAT exempt; and
- From 1 January 2016, the VAT registration threshold will be increase…