OrbitaxBudget for 2007 – details
|Proposed Changes|Barabados
The Budget for 2007 was presented to the parliament by the Prime Minister and Minister of Finance on 14 March 2007. Details of the Budget are summarized below.
Direct taxation
The changes include:
| - | the tax rate will be reduced for approved entities under the Small Business Development Act (from 20% to 15%) and the Special Development Areas Act (from 30% to 15%). Companies constructing houses … |