Saturday, April 13, 2024

Electric vehicle tax rolls out


Share post:

Owners of electric vehicles now have until May 2 to pay the $300 Alternate Fuel Levy.

The measure, which was announced in the 2022 Budget by Prime Minister Mia Mottley, went into effect on April 1 this year.

At the time of the announcement, it was to be calculated at the rate of  $25 per month plus $0.02 per km over 15 000 kms annually and was to be rolled out on July 1, 2022.

The variable component, which is two cents for each kilometre in excess of 15 000 kilometres per financial year, has to be paid to the Barbados Revenue Authority on or before March 30, 2024. (Nation News)

Subscribe now to our eNATION edition for the full story.

For the latest stories and breaking news updates download the Nationnews apps for iOS and Android.



Please enter your comment!
Please enter your name here

Related articles

Iran launches retaliatory strikes toward Israel

Iran has launched a wave of retaliatory strikes toward Israel, fueling fears of regional escalation following an apparent Israeli attack...

T20 World Cup trophy in Barbados

The countdown to the start of the 2024 the ICC Men’s T20 Cricket World Cup continues. Today marks 50...

Mother’s plea: Come home

“Donisha, I miss you, come home,” cried heartbroken mother Diana Cumberbatch. That was all she could manage before collapsing...

Former child star Jaleel White breaks his silence on ‘Quiet on Set’

At the age of 12, Jaleel White was cast as lovable nerd Steve Urkel on the ‘90s sitcom “Family...