author_orbitax
Orbitax

Share This Article

Barbados Further Extends Temporary VAT Rate Reduction on Electricity Supplies and Provides Other VAT Relief

30 April 2024

|

Approved Changes

|

Barbados

The Barbados Revenue Authority issued three guidance notes on 4 April 2024 concerning different VAT policy changes. These include the following: Guidance Note OGC No. 03/2024 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 previously extended to 31 March 2024. Guidance Note OGC No. 04/2024 A two-year VAT and import duty exemption is provided from 1 April...