The Barbados Budgetary Proposal & Financial Statement 2022 was presented by Prime Minister Mia Amor Mottley on 14 March 2022. One of the main tax measures of the budget is the introduction of a one-off Pandemic Contribution Levy on Corporate Profits at a rate of 15%. Key points include:
- The levy will apply for companies carrying on domestic business in telecommunications, retail sale of petroleum products by dealers, commercial banking (excluding credit unions), and general and life ins…