{"id":148475,"date":"2022-03-23T17:52:18","date_gmt":"2022-03-23T21:52:18","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=148475"},"modified":"2022-03-23T17:52:18","modified_gmt":"2022-03-23T21:52:18","slug":"barbados-vat-removed-from-sanitary-towels-tampons-vitamins-zero-rated","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/barbados-vat-removed-from-sanitary-towels-tampons-vitamins-zero-rated\/","title":{"rendered":"BARBADOS: VAT removed from sanitary towels, tampons, vitamins zero rated"},"content":{"rendered":"<div id=\"antig-3812352023\" class=\"antig-ecab antig-entity-placement\"><a href=\"https:\/\/discoverflow.co\/web\/antigua\" aria-label=\"ANU CVP Digital Broadband 1200x400_1\"><img src=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1201\/h:401\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg\" alt=\"\"  srcset=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1201\/h:401\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg 1201w, https:\/\/mlavawteztbj.i.optimole.com\/w:300\/h:100\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg 300w, https:\/\/mlavawteztbj.i.optimole.com\/w:1024\/h:342\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg 1024w, https:\/\/mlavawteztbj.i.optimole.com\/w:768\/h:256\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg 768w\" sizes=\"(max-width: 696px) 100vw, 696px\" width=\"1201\" height=\"401\"   \/><\/a><\/div><div id=\"antig-100211690\" class=\"antig-before-content antig-entity-placement\"><a href=\"https:\/\/www.facebook.com\/medicalbenefitsscheme\" aria-label=\"ce741a73-c70c-446b-af7f-da2abe2b62bb\"><img src=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1200\/h:400\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2024\/12\/ce741a73-c70c-446b-af7f-da2abe2b62bb.jpeg\" alt=\"\"  srcset=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1200\/h:400\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2024\/12\/ce741a73-c70c-446b-af7f-da2abe2b62bb.jpeg 1200w, https:\/\/mlavawteztbj.i.optimole.com\/w:300\/h:100\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2024\/12\/ce741a73-c70c-446b-af7f-da2abe2b62bb.jpeg 300w, https:\/\/mlavawteztbj.i.optimole.com\/w:1024\/h:341\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2024\/12\/ce741a73-c70c-446b-af7f-da2abe2b62bb.jpeg 1024w, https:\/\/mlavawteztbj.i.optimole.com\/w:768\/h:256\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2024\/12\/ce741a73-c70c-446b-af7f-da2abe2b62bb.jpeg 768w\" sizes=\"(max-width: 696px) 100vw, 696px\" width=\"1200\" height=\"400\"   \/><\/a><\/div><div class=\"parsys-row clearfix chrome\">\n<section class=\"module-bodytext component bg-white clearfix chrome\" data-link-location=\"BodyText\">\n<div class=\"bodytext-data chrome\">\n<p class=\"chrome\">The 2022 Barbados budget (presented 14 March 2022) includes the following tax-related measures:<\/p><div id=\"antig-4147620655\" class=\"antig-content_5 antig-entity-placement\"><img src=\"https:\/\/mlavawteztbj.i.optimole.com\/w:771\/h:1080\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/04\/quueens.jpeg\" alt=\"\"  srcset=\"https:\/\/mlavawteztbj.i.optimole.com\/w:771\/h:1080\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/04\/quueens.jpeg 1143w, https:\/\/mlavawteztbj.i.optimole.com\/w:214\/h:300\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/04\/quueens.jpeg 214w, https:\/\/mlavawteztbj.i.optimole.com\/w:732\/h:1024\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/04\/quueens.jpeg 732w, https:\/\/mlavawteztbj.i.optimole.com\/w:768\/h:1075\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/04\/quueens.jpeg 768w, https:\/\/mlavawteztbj.i.optimole.com\/w:771\/h:1080\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/04\/quueens.jpeg 1097w\" sizes=\"(max-width: 696px) 100vw, 696px\" width=\"1143\" height=\"1600\"   \/><\/div>\n<\/div>\n<\/section>\n<\/div>\n<div class=\"parsys-row clearfix chrome\">\n<section class=\"module-bodytext component bg-white clearfix chrome\" data-link-location=\"BodyText\">\n<h3 class=\"tertiary-head chrome\">One-time COVID-19 contribution levies<\/h3>\n<div class=\"bodytext-data chrome\">\n<ul class=\"chrome\">\n<li class=\"chrome\">Companies in telecommunications and retail sale of petroleum products by dealers, deposit-taking institutions (except credit unions), and general and life insurance companies, which generated income in excess of $5 million,* would pay a one-time levy of 15% of net income for income years 2020 and 2021. This tax would be payable to the Barbados Revenue Authority, would not be deductible for corporation tax and could be paid in eight monthly payments beginning 15 July 2022. The levy in respect of the fiscal year ending in 2021 would be due from July to October 2022, and the levy in respect of the fiscal year ending in 2022 would be due from November to February 2023.<\/li>\n<li class=\"chrome\">Effective 1 April 2022, individuals receiving monthly income in excess of $6,250 would contribute 1% of monthly earnings as a pandemic contribution levy for a period of 12 months only. The levy would be payable in addition to the individual\u2019s income tax obligation and would not be deductible for tax purposes.<\/li>\n<\/ul>\n<p class=\"chrome\"><sub class=\"chrome\">*$=Barbadian dollar<\/sub><\/p>\n<\/div>\n<\/section>\n<\/div>\n<div class=\"parsys-row clearfix chrome\">\n<section class=\"module-bodytext component bg-white clearfix chrome\" data-link-location=\"BodyText\">\n<h3 class=\"tertiary-head chrome\">Value added tax (VAT)<\/h3>\n<div class=\"bodytext-data chrome\">\n<ul class=\"chrome\">\n<li class=\"chrome\">Effective midnight 16 March 2022, the VAT payable on gasoline would be capped at 47 cents per liter for six months. Effective midnight 16 March 2022, the VAT payable on diesel would be capped at 37 cents per liter for six months.<\/li>\n<li class=\"chrome\">VAT on selected personal and critical care items (including vitamins, baby and adult diapers and women\u2019s sanitary care products) would be zero-rated effective 1 April 2022.<\/li>\n<li class=\"chrome\">Effective 1 April 2022, a waiver of import duty and VAT would be granted for two years on the purchase and installation of generators at residential homes.<\/li>\n<li class=\"chrome\">There would be an excise and VAT holiday on electric vehicles for 24 months commencing 1 April 2022.<\/li>\n<\/ul>\n<div class=\"parsys-row clearfix chrome\">\n<section class=\"module-bodytext component bg-white clearfix chrome\" data-link-location=\"BodyText\">\n<h3 class=\"tertiary-head chrome\">Customs and import duty<\/h3>\n<div class=\"bodytext-data chrome\">\n<ul class=\"chrome\">\n<li class=\"chrome\">Freight for the purpose of calculating customs duties would be capped at $7,350 per 20-foot container and $8,000 per 40-foot container from 15 March 2022 until 31 March 2023.<\/li>\n<li class=\"chrome\">Import duty for used battery electric vehicles would revert to 10% on 1 April 2022, the same as a new battery electric vehicle and consistent with other types of vehicles.<\/li>\n<li class=\"chrome\">There would be a reduction in the tariff for fuel cell electric and solar powered vehicles (new and used) to 10% (from 45%).<\/li>\n<li class=\"chrome\">Import duty and the excise tax for new fuel cell electric vehicles would be reduced to 20%.<\/li>\n<li class=\"chrome\">Effective 1 April 2022, the import duty for vehicles powered by liquefied petroleum gas and compressed natural gas would also be reduced to 25% (from 45%), consistent with the designation of natural gases as a bridging fuel to renewable energy.<\/li>\n<\/ul>\n<\/div>\n<\/section>\n<\/div>\n<div class=\"parsys-row clearfix chrome\">\n<section class=\"module-bodytext component bg-white clearfix chrome\" data-link-location=\"BodyText\">\n<h3 class=\"tertiary-head chrome\">Other<\/h3>\n<div class=\"bodytext-data chrome\">\n<ul class=\"chrome\">\n<li class=\"chrome\">The excise tax on sweetened beverages would be increased to 20% (from 10%) with effect from 1 April 2022. A similar tax on high salt content products would be imposed from October 2022.<\/li>\n<li class=\"chrome\">A new alternative fuel levy would be introduced with a fixed and variable component for vehicles not powered by diesel or gasoline.<\/li>\n<li class=\"chrome\">To finance the government\u2019s unfunded pension obligations and partially funded pension obligations in relation to the public sector pension scheme, the government proposes to increase the insurance earnings ceiling to $1,182 per week and $5,120 per month effective 1 January 2023, with subsequent increases to take effect 1 January of each year until 2035.<\/li>\n<li class=\"chrome\">The land tax threshold on residential properties would increase to $300,000 from the 2023-2024 financial year and to $400,000 from 2026.<\/li>\n<\/ul>\n<\/div>\n<\/section>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<div id=\"antig-134705888\" class=\"antig-in-comments_2 antig-entity-placement\"><a href=\"https:\/\/www.facebook.com\/@hadeedmotorsltd\" aria-label=\"Hadeed_WEB_Banner_MG-2\"><img src=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1000\/h:250\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2024\/12\/Hadeed_WEB_Banner_MG-2.png\" alt=\"\"  srcset=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1000\/h:250\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2024\/12\/Hadeed_WEB_Banner_MG-2.png 1000w, https:\/\/mlavawteztbj.i.optimole.com\/w:300\/h:75\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2024\/12\/Hadeed_WEB_Banner_MG-2.png 300w, https:\/\/mlavawteztbj.i.optimole.com\/w:768\/h:192\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2024\/12\/Hadeed_WEB_Banner_MG-2.png 768w\" sizes=\"(max-width: 696px) 100vw, 696px\" width=\"1000\" height=\"250\"   \/><\/a><\/div>","protected":false},"excerpt":{"rendered":"<p>The 2022 Barbados budget (presented 14 March 2022) includes the following tax-related measures: One-time COVID-19 contribution levies Companies in telecommunications and retail sale of petroleum products by dealers, deposit-taking institutions (except credit unions), and general and life insurance companies, which generated income in excess of $5 million,* would pay a one-time levy of 15% of [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":148476,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-148475","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.1 (Yoast SEO v24.1) - 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