Barbados Parliament Approves 2015 Budget

The Barbados parliament has reportedly approved the Budget for 2015. Some of the key tax related Budget measures include:

• Increasing the VAT registration threshold to BBD 200,000;
• Abolishing the additional deduction incentive of 120% or 150% for certain expenses, including expenses related to research and developments, tourism marketing, listing of shares on the Securities Exchange of Barbados, and others;
• Reducing the carry forward period for losses from 9 years to 7 years, and no longer a…