November 20, 2018
Prime Minister Mia Mottley gave local businesses an early Christmas present today, announcing a massive reduction in corporation tax from 25 per cent to between 1 to 5.5 per cent and she wants businesses to share the benefits with Barbadians.
The development means that local businesses will now be operating here on a level playing field with their international counterparts following Government’s decision to overhaul its tax regime to be compliant with the Organisation for Economic Co-operation and Development (OECD).
In keeping with a commitment made earlier this year by the Freundel Stuart Cabinet to remove tax incentives to the international business sector, Mottley announced this afternoon that the domestic corporate tax rate has been slashed by as much as 80 per cent while ensuring the country is still globally competitive.
Colville MounseyPublished on
November 20, 2018
With two deadlines already missed, Government announced today that it is finally ready to roll out its plan to collect Value Added Tax (VAT) on foreign online transactions by mid-next month. This afternoon Prime Minister Mia Mottley announced that the mechanism for the tax collection is now in place and Government was targeting its introduction by December 15.
Delivering a Ministerial Statement in the House of Assembly today, Mottley explained that the necessary amendments to legislation will be brought to Parliament shortly.
“We will now target a December 15 start as we have completed the procurement of the entity to provide the services to the Barbados Revenue Authority, but the relevant legislative amendment for delegation to the entity collecting the tax will be introduced very shortly into Parliament,” the Prime Minister revealed.
It was during her Mini-Budget back in June that Mottley announced plans to charge VAT on foreign online purchases commencing October 1, 2018. That start date was later shifted to December 1. In explaining the delay, Mottley revealed that Government was held up by the technology. She also explained that this was necessary to prevent the possibility of double taxation.
“We had earlier announced that all taxes that are due on a transaction will be automatically levied if that transaction is carried out on-line using new technologies we have been testing. The taxes paid will be automatically recorded in your receipt and there will be no double taxation at the port once you can show a receipt that taxes have been paid online,” she said.
October 26, 2018
Barbadians are flat out refusing to pay the recently implemented Garbage and Sewage Collection (GSC) tax, which was recently tacked on their water bill. This has resulted in revenue at the Barbados Water Authority (BWA) falling by 40 per cent between the billing period of August and September.
This revelation was made by Chairman of the BWA board Leodeane Worrell who is warning that the state-owned water company intends to ramp up disconnections against those refusing to pay their bills.
Worrell explained the BWA was merely the conduit for collecting the $1.50 per day tax. This meant that even though customers were paying their bill minus the levy, the BWA was still obligated to take the GSC from the amount paid.
During a press conference summoned by Minister of Energy and Water Resources Wilfred Abrahams in the Committee Room of Parliament this afternoon, Worrell revealed that on average the BWA realizes revenues of $10 million monthly. Since the introduction of the tax on August 1, the intake for the cash strapped water company took a nose dive to about $6 million. This threatens to worsen the company’s outstanding arrears, which to date stands at $15 million.
Relief Board in place to handle sewage levy
Added 20 November 2018
The Government of Barbados has set up a Relief Board with respect to the Garbage and Sewage Contribution (GSC) Levy.
Householders or organisations who wish to apply to the Relief Board may collect Waiver Application Forms from the Barbados Water Authority’s (BWA) Headquarters, The Pine, St Michael and its Customer Service Centre, Probyn Street, Bridgetown.
The public may also collect forms from the administration section of the Sanitation Service Authority (SSA), 2nd floor National Petroleum Corporation’s Building, Wildey, St Michael, and all Post Offices.
Other collection points include the National Assistance Board (NAB), Country Road, St Michael; Barbados Council for the Disabled, Harambee House, The Garrison, St Michael; the National Disability Unit, Dalkeith Road, St Michael; and the Welfare Department, Weymouth Corporate Centre, Roebuck Street, Bridgetown.
Forms may also be downloaded from the BWA’s website: http://barbadoswaterauthority.com and the Barbados Government Information Service website: http://gisbarbados.gov.bb/downloads.
Forms are currently available for collection from the BWA outlets and the SSA, however, they may be obtained from the other collection points from Wednesday, November 21.
Members of the public are asked to note that on completing the Waiver Application Form, it should be submitted only to The Garbage and Sewage Contribution Relief Board, BWA, Pine Commercial Estate, Pine, St Michael; the NAB; the Barbados Council for the Disabled; the National Disability Unit or the Welfare Department; or via email to email@example.com.
The Relief Board has the sole discretion to determine whether or not a certificate will be granted after reviewing all circumstances of the applicant(s). Once approved, the Secretary of the Board will contact the householder or organisation.
Any person or organization that knowingly makes an application that is false, is guilty of an offence and is liable on summary conviction to a fine of $1 000 or to imprisonment for 12 months, or both. (BGIS)
Imagine that while waiting on the bus at the bottom of Horse Hill; you saw a ZR van, packed with screaming children, obviously out of control, swerving erratically as it hurtled downhill.
What do you do? Do you call for help? Do you alert the others waiting on the same bus to the impending danger? Do you keep your observation to yourself and pray that the driver regains control of the bus? Do you seek safe shelter and wait for the inevitable to occur?
Government had no money. Government then employed some more people at the top to help run Government and to find money . Government then refused to collect the old money it was owed. Government then increase taxes and levies in an attempt to collect new money. Government stops repaying old money it borrowed. Government then went and borrowed new money. Government sends home workers at the bottom to save money, and be able to pay workers at the top. Government then reduces the amount it collects in taxes from local businesses and corporations. Government then announces it is ready to collect taxes from online shopping.
Pick sense from nonsense. The old people used to say so all of the time, but seems like we lost that ability the day we got educated. Those people never received a certificate from any examination body; no degree from any college or university, but they could smell it even before the bull had the urge.