Barbados Removal of value added tax (VAT) cap on gasoline and diesel (currently 47 cents* and 37 cents per litre, respectively) 16 March 202331 views1 min read The 2023 Barbados budget includes a number of tax-related measures Source: KPMG Rate 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 Bajan drivers left exposed: Fuel cap, VAT cap on gas and diesel gone