Barbados Extension of excise tax and VAT holiday on purchase of electric vehicles by ordinary persons or companies for another two years, to 31 March 2026 16 March 202358 views1 min read The 2023 Barbados budget includes a number of tax-related measures Source: KPMG Exemption Rate VAT exemption for film-related suppliers such as studios and film equipment rentals that are registered as exclusive film providers Removal of value added tax (VAT) cap on gasoline and diesel (currently 47 cents* and 37 cents per litre, respectively)