Barbados Minister of Finance and Economic Affairs Christopher Sinckler delivered the 2016 Financial Statement & Budgetary Proposals on 16 August 2016. The main tax and business-related proposals include:
- The introduction of a BBD 50,000 reimbursable grant to incentivize local companies to obtain international standards certification for product and service quality;
- The creation of a BBD 50 million fund to provide grants and soft loans to support existing small and medium sized businesses…