Pandemic Contribution Levy Companies
On March 14, 2022 the Minister of Finance and Economic Affairs, Culture, Security and Public Service (“the Minister”) announced the Budgetary Proposals and Financial Statement for the Financial Year 2022/23. Through the Budget, the Minister introduced a Pandemic Contribution Levy on Corporate Profits in certain sectors.
To put the said Pandemic Contribution Levy into effect the Barbados Revenue Authority (“the Authority”) informs as follows