Barbados Delays Introduction of New Upper Income Tax Band to August 2018
The Barbados Revenue Authority has announced that the Ministry of Finance, Economic Affairs and Investment has changed the effective date of the new upper income tax band (40%) from 1 July 2018 to 1 August 2018. With the new band, the individual income tax bands/rates are as follows:
- up to BBD 25,000 – 0%
- over BBD 25,000 up to 60,000 – 16%
- over BBD 60,000 up to 75,000 – 33.5%
- over BBD 75,000 …