Guidance Note - The New Upper Income Tax Band

Dear Members, 

 

In the Mini Budget presented to Barbadians on Monday, June 11th 2018 by our Prime Minister, a new
Upper Income Tax Band was introduced. The relevant details surrounding this new deficit recovery measure are outlined in the attached document. 

Please note this new tax is not retro-active. The 40% will only be implemented as of the indicated date of August 1st 2018 and not any prior dates. 

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