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Budget for 2013 – details on additional fiscal measures

12 November 2013

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Proposed Changes

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Barbados

28 August 2013 Report from Carlos Gutiérrez, IBFD Principal Research Associate On 13 August 2013, the Minister of Finance presented the Financial Statement and National Budget Statement for 2013 to Parliament, wherein he announced various fiscal measures. The additional fiscal measures proposed in the Budget are as follows: -   a temporary tax on the assets of commercial banks at the rate of 0.2%. This tax will be applied for 19 months as from September 2013; -   a temporary consolidation tax on gross income of persons whose income exceeds BBD 50,000 at the following rates: Amount (BBD) Rate (%)...