Barbados VAT changes
- Jul 31, 2015 | Richard Asquith
The Barbados Budget for 2015/2016 was approved by parliament this month. VAT changes included:
- The VAT registration threshold is to by increased from BBS$ 80,000 to BBS$ 200,000 per annum
- The gaming industry is to be brought into the VAT net, with the introduction of the standard 17.5% from 1 September 2015
- The range of goods subject to nil VAT is to be reduced particularly those with low health benefits
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.