The Barbados Revenue Authority has issued a release to remind employers of changes to the 2019 personal income tax rates with effect from 1 July 2019.
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Employers are asked to note the following changes related to personal income tax as announced in the 2019 Budgetary Proposal and Financial Statement and which came into effect from July 1, 2019. The first income tax band will be up to $50 000 and taxed at a rate of 12.5% while the second tax band on income over $50 000 will be taxed at a …