The Barbadian House of Assembly Feb. 6 accepted for consideration a bill to reduce VAT rates on electricity supplied to domestic premises during a temporary reduction period of Aug. 1, 2022, to Sept. 30, 2023. The bill includes measures to: 1) reduce the VAT rate to 7.5 percent from 17.5 percent on the first 250 kilowatt hours of electricity supplied to domestic premises during the temporary reduction period; ….
Source: bloombergtax.com
