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Tag Archives: tax

  1. BRA Reminder for Income Tax Prepayments

    The Barbados Revenue Authority (BRA) wishes to remind corporate and self-employed taxpayers to make the relevant prepayments for Corporate Income Tax and Personal Income Tax respectively. Corporate taxpayers with fiscal years ending anytime between January 1 and September 30 have a prepayment due date of September 15, 2019, while those with year ends between October […]

    September 5, 2019Business, FeaturedNo comments
  2. BRA Oistins location reopens today

    The Barbados Revenue Authority wishes to alert Barbadians their Southern Plaza, Oistins location will be reopen for business today, Tuesday, July 23, after closing for three weeks due to an environmental challenge. The issue has been addressed and normal operations can resume. The Authority thanks the public for its patience and cooperation during the period […]

    July 23, 2019Breaking News, Business, FeaturedNo comments
  3. CHANGES TO PERSONAL INCOME TAX RATES

    Employers are asked to note the following changes related to personal income tax as announced in the 2019 Budgetary Proposal and Financial Statement and which came into effect from July 1, 2019. The first income tax band will be up to $50,000 and taxed at a rate of 12.5% while the second tax band on […]

    July 10, 2019Business, FeaturedNo comments
  4. Barbados Revenue Authority’s Oistins Branch Temporarily Closed

    The Barbados Revenue Authority (BRA) wishes to inform Barbadians their Oistins location has been temporarily closed due to environmental challenges. The Authority will advise everyone when normal operations resume. Barbadians should also note all other locations of the BRA remain open for business as usual. These include: the Treasury Building; Warrens Tower II; Holetown Public […]

    July 1, 2019BusinessNo comments
  5. Land Tax Discount Deadline in August

    Property owners have until the end of August to benefit from the discount on the land tax bills for the year 2019-2020. This from manager, communications and PR at the Barbados Revenue Authority, Carolyn Williams-Gayle. “In accordance with the Budgetary Proposals 2019, there will be a single discount of five per cent this year, on […]

    June 13, 2019Breaking News, Business, FeaturedNo comments
  6. BRA Clarifies 2019 Tax Penalty Amendments

    The Barbados Revenue Authority wishes to advise taxpayers that it is aware of the issue in relation to the late penalty application to individual income tax returns filed after April 30th. Please note that the late penalty fee applied to those returns after 30th April 2019 will be reversed when the system update has been […]

    May 5, 2019Breaking News, Business, FeaturedNo comments
  7. EXTENSION GRANTED FOR INCOME TAX FILING

    Taxpayers now have until May 31 to file personal income tax for 2018 and to make their requisite tax payments. The Barbados Revenue Authority has deferred the cut-off date for filing in response to entities in both the public and private sector, indicating issues they have been experiencing with uploading requisite information in TAMIS. This […]

    April 29, 2019Breaking News, Events, FeaturedNo comments
  8. Everything you want to know about VAT on Online Purchases

    The Small Business Association recently invited Professor Avinash Persaud, Special Envoy to the Prime Minister for Investment and Finance, to discuss and answer questions on VAT being applied to online purchases.

    April 23, 2019Education, Video GalleryNo comments
  9. Salvation Army donors urged to submit TAMIS numbers

    Barbadians who supported The Salvation Army’s recent Christmas Kettle fundraising appeal, have not submitted their Tax Information Numbers (TIN) and may not be able to file those donations on their income tax returns. Major Walcott said The Army was hoping for a quick response so that donors would not be disadvantaged. “We are grateful to […]

    March 10, 2019EventsNo comments
  10. BRA Accepting January PAYE Payment Without Payment Advice

    The Barbados Revenue Authority (BRA) is advising employers that their January 2019 Pay As You Earn (PAYE) payments due in February 2019, will be accepted without the requisite electronic payment advices. This move is to accommodate corporate and business taxpayers in light of the new requirement to upload a breakdown of the PAYE for all […]

    February 18, 2019Breaking News, Business, FeaturedNo comments
  11. Third-Party Providers Can Now Upload Files to TAMIS

    Third-party information providers can now use the new Tax Administration Management Information System (TAMIS) to file all relevant statements for the reporting of amounts paid to or received by all resident persons during the 2018 income year. Providers are expected to upload these forms by February 28, 2019, in order for individual taxpayers to file […]

    February 9, 2019Breaking News, Business, FeaturedNo comments
  12. BRA Working With Developer to Rectify TAMIS Website Issue

    The Barbados Revenue Authority (BRA) is currently experiencing a technical issue in relation to the TAMIS website which has been hampering the registration process. Manager Communications and PR, Carolyn Williams-Gayle said the Authority was working with the system developer to rectify the issue. “We do understand the frustration this timeout issue is causing to the […]

    January 15, 2019Breaking News, Featured, TechnologyNo comments
  13. EXTENSION GRANTED FOR TAX AMNESTY

    Given the tremendous response to the tax amnesty programme proposed by the Minister of Finance on June 11, 2018 the Barbados Revenue Authority has sought the permission of the Ministry of Finance to extend the application period for the amnesty. The Ministry has agreed and the Authority will be accepting applications until Friday, January 4, […]

    January 1, 2019Breaking News, Business, FeaturedNo comments
  14. VALUE ADDED TAX FOR ONLINE SHOPPING IS A NECESSARY EVIL ACCORDING TO ECONOMIC SOCIETY PRESIDENT

    Efforts to reign in Barbadian wishes to buy goods and services from abroad via the internet in the end must be regulated if Barbados is to keep its foreign exchange at healthier levels… Shane Lowe is President of the Barbados Economic Society and he was reacting to concerns expressed by the Immediate Past President of […]

    December 28, 2018Business, FeaturedNo comments
  15. Merry Christmas from The B.R.A – Amnesty still has a few days left…

    Don’t forget? Tax Amnesty concludes 31st December! Make sure to register early with TAMIS and avoid penalties…

    December 26, 2018Business, Photo GalleryNo comments
  16. Third Party Providers Require New Tax Numbers of Clients and Employees

    The Barbados Revenue Authority is urging all third-party tax information providers to acquire the new Tax Identification Numbers (TINs) of their clients and employees, in order to facilitate the uploading of their relevant third party information on or before in February 28, 2019. Please note that the new Tax Administration Management Information System (TAMIS) will […]

    December 14, 2018Business, FeaturedNo comments
  17. BARBADOS REVENUE AUTHORITY SETS STRAIGHT A STORY THE PRINT MEDIA GOOFED ON

    The print media left out details of a story concerning the Barbados Revenue Authority – here’s what really happened… A supervisor on duty at the Pine branch of the BRA had to leave immediately on arrival to deal with a family emergency. During this period in question, the Authority sought to find a replacement supervisor […]

    December 2, 2018Breaking News, Business, FeaturedNo comments
  18. Business Sector Assured by BRA on Non-Payment Notices

    The Barbados Revenue Authority (BRA) is kindly asking corporate and business taxpayers who made payments on time with their old Tax Identification Numbers for the June and July 2018 periods, to ignore the non-payment notices they received from the new TAMIS system. Please note that the BRA is in the process of migrating those payments […]

    November 19, 2018Breaking News, Featured, TechnologyNo comments
  19. TAX AMNESTY REMINDER

    The Barbados Revenue Authority (BRA) is reminding individuals and businesses owing outstanding taxes, to take advantage of the Tax Amnesty before the deadline of December 31, 2018. The taxes eligible are Value Added Tax (VAT), Land Tax, Income Tax, including P.A.Y.E., and Corporation Tax. The waiver of penalty and interest will apply to taxes owed […]

    October 27, 2018Breaking News, Business, FeaturedNo comments
  20. BRA CLOSING EARLY TOMORROW

    The Barbados Revenue Authority has advised that all of its payment centres will close for business at noon and all other offices at 1:30 p.m. on Thursday 18th October to facilitate a staff meeting. Members of the public are encouraged to arrange their business accordingly. The BRA will reopen for business on Friday 19th October. […]

    October 17, 2018Breaking News, BusinessNo comments
  21. All Taxpayers Required to Register in New Tax System

    The Barbados Revenue Authority (BRA) is urging all taxpayers to register online in the BRA’s new Tax Administration Management Information System (TAMIS) in order to file their 2018 income tax returns next year and to receive any related refunds. She explained that all employees and self-employed persons, as well as pensioners in receipt of pension […]

    October 4, 2018Breaking News, Business, Featured2 comments
  22. BRA Hosts TAMIS Training Sessions for Secondary School Administrators

    The Barbados Revenue Authority facilitated more than 50 administrators responsible for payroll at 22 educational institutions in a series of training sessions on the new Tax Administration Management Information System (TAMIS) during the last week of September. As part of the interactive sessions held at the Baobab Tower in Warrens, participants were taken through the […]

    October 3, 2018Business, FeaturedNo comments
  23. IMF EXECUTIVE BOARD APPROVES EXTENDED FUND FACILITY

    The Executive Board of the International Monetary Fund (IMF) approved the staff-level agreement on an Extended Fund Facility, which will give Barbados access to about US $290 million, over the next four years. He said the approval by the IMF’s Executive Board was a victory for the people of Barbados, who had been asked to […]

    October 2, 2018Business, FeaturedNo comments
  24. 2018-2019 LAND TAX BILLS ISSUED FOR BARBADIANS

    Barbados Revenue Authority (BRA) has started issuing land tax bills for the financial year 2018-2019. The BRA’s Manager, Communications and PR, Carolyn Williams-Gayle, has advised that the issue date for this year’s bill is September 24, 2018. Mrs. Williams-Gayle stated that bill payments could be made at the Authority’s locations at the Treasury Building, Bridgetown; […]

    September 26, 2018Breaking News, Business, FeaturedNo comments
  25. BRA PARTICIPATES IN TWO DAY CARICOM-OECD WORKSHOP

    The Barbados Revenue Authority was among seven other tax administrations in the region represented at a CARICOM-OECD (Organisation for Economic Co-operation and Development) Workshop, in Kingston, Jamaica, last week. The two-day workshop provided member states with an opportunity to discuss the impact and progress of the Base Erosion and Profit Shifting (BEPS) Project in the […]

    September 26, 2018BusinessNo comments