PEOPLE WHO WANT to send foreign exchange out of the country may now have to prove that they do not owe taxes.
That’s because the Central Bank is requiring those applying to the bank to send foreign currency to persons in another country to obtain a tax clearance certificate from the Barbados Revenue Authority (BRA) before the bank approves the application.
A senior government official told the WEEKEND NATION last night that the requirements had been in place for quite some time but were now being enforced by the Central Bank in conjunction with the BRA.
Please read the full story in today’s Weekend Nation, or in the eNATION edition.
