Barbadians will continue paying a lower value-added tax (VAT) rate on electricity until the end of September.
However, no decision has been made on a new compact with the private sector which would provide further relief for consumers.
Minister in the Ministry of Finance and Economic Affairs Ryan Straughn announced in Parliament on Tuesday that as was the case from August 1, 2022, to January 31, 2023, Barbados Light and Power Company’s domestic customers will pay 7.5% VAT on the first 250 kilowatt-hours (kWh) rather than the usual 17.5% rate for another eight months….
Source: thedailyherald.sx
