- Barbados Tax Agency announced updated VAT rates on electricity and exemptions on certain equipment
- Reduced VAT rate of 7.5% for first 250 kilowatt-hours of electricity for certain consumers
- Standard VAT rate of 17.5% for electricity over 250 kilowatt-hours
- Two-year extension of import duty and VAT exemption on generators and transfer switches at residential homes
- Two-year VAT exemption on sale and installation of water tanks, septic tanks, and electrical pumps for residential properties
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.
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