Executive director of the Barbados Chamber of Commerce & Industry (BCCI) Lisa Gale says people should not be surprised that Government has moved to retain the value added tax (VAT) at 17.5 per cent.
However, the senior BCCI official was adamant that the administration should either adjust the income tax bands or return entertainment and travel allowances to their tax-free status.
This move, she said, was important to ensure that Barbadians had more disposable income in the face of rising inflation.
Minister of Finance Chris Sinckler returned to Parliament yesterday – three days before the VAT rate at 17.5 per cent legally expired – to extend indefinitely the current rate. (GE)
Read the full story in today’s MIDWEEK NATION.
BCCI tells Govt: Adjust tax bands
Previous article
Next article
Related Articles
Warning to parents after unsafe squishy toys seized
Parents are being urged to check for unsafe 'squishy' toys in their homes after the Isle of Man...
DPP: Late start not our fault
The State will not be shouldering any of the blame for the almost ten-year delay in prosecuting two...
Hodge, Chanderpaul fight back, but West Indies XI trail Pakistan heavily
The West Indies Select XI faced a monumental task on the third day of their four-day warm-up fixture...
New initiative to improve Caribbean energy sector
A multi-million dollar initiative designed to close the institutional and technical capacity gaps that are slowing the Caribbean’s...