Barbados Prime Minister and Minister of Finance and Economic Affairs Mia Amor Mottley delivered the Budgetary Proposal and Financial Statement 2018 on 11 June 2018. The main tax-related proposals include:
- An increase in the standard corporate tax rate from 25% to 30% effective 1 October 2018;
- The introduction of rules for the levy of value added tax (VAT) on all online purchases of goods and services by Barbadian residents, which is intended to be effective from 1 October 2018);
- The introduc…