The Barbados Revenue Authority issued three guidance notes on 4 April 2024 concerning different VAT policy changes. These include the following:
An extended reduction in the VAT rate is provided on electricity supplies to households (domestic premises from 17.5% to 7.5% on the first 250-kilowatt hours supplied from 1 April 2024 to 30 September 2024, inclusive. Note that the reduced rate on electricity supplies initially applied from 1 August 2022 and was prev…