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It was established on April 1, 2014, by the Barbados Revenue Authority Act, 2014-1 [2] as a merger between Inland Revenue and Land Tax Departments and the Value Added Tax (VAT) & Excise Divisions of the Customs and Excise Department. It has four divisions: Income Tax Division, Income Tax (Automatic Exchange of Information), Division Land ...
Building and land owners are liable to land tax on the market value of their property at rates currently ranging from 0.1 per cent (for valuations from BBD$150,000) to 0.75 per cent (BBD$1,000,000) on all properties (revalued on a three-year basis) and there are approximately 115,000 parcels listed.
Global map of countries by tariff rate, applied, weighted mean, all products (%), 2021, according to World Bank. This is a list of countries by tariff rate. The list includes sovereign states and self-governing dependent territories based upon the ISO standard ISO 3166-1. Import duty refers to taxes levied on imported goods, capital and services.
A value-added tax (VAT or goods and services tax (GST), general consumption tax (GCT)), is a consumption tax that is levied on the value added at each stage of a product's production and distribution. VAT is similar to, and is often compared with, a sales tax. VAT is an indirect tax because the consumer who ultimately bears the burden of the ...
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Map of the world showing national-level sales tax / VAT rates as of October 2019. Additional local taxes may apply. [citation needed]A comparison of tax rates by countries is difficult and somewhat subjective, as tax laws in most countries are extremely complex and the tax burden falls differently on different groups in each country and sub-national unit.
The Corporate Affairs and Intellectual Property Office (CAIPO) is a Barbadian governmental agency in charge of various aspects of industrial property right affairs including: patents, trademarks, and industrial designs. It is a division of the Ministry of Industry & International Business. The CAIPO office is located on Belmont Road, Saint ...
Barbados (UK: / b ɑːr ˈ b eɪ d ɒ s / bar-BAY-doss; US: / b ɑːr ˈ b eɪ d oʊ s / bar-BAY-dohss; locally / b ɑːr ˈ b eɪ d ə s / bar-BAY-dəss) is an island country in the Lesser Antilles of the West Indies, in the Caribbean region next to North America and north of South America, and is the most easterly of the Caribbean islands.