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 insurance, if their net income exceeded BBD 5 million in 2020 and 2021; Where a company is subject to the 15% levy, the...