- The Barbadian Revenue Authority has extended the reduced VAT rate for electricity supply until March 31, 2024.
- The reduced VAT rate of 7.5 percent applies to the first 250 kilowatt hours of electricity supplied to households.
- The standard 17.5 percent VAT rate applies to electricity supplied in excess of 250 kilowatt hours.
- The reduced VAT rate is effective for bills issued between Oct. 1, 2023, and March 31, 2024.
- The reduced VAT rate does not apply to the supply of electricity beyond 250 kilowatt hours.
Source: news.bloombergtax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
