Term Slug
taxation

Barbados Gov’t caps fuel prices - CARICOM Business

Effective August 19, consumers in Barbados will be paying less for gasoline and diesel as Prime Minister Mia Mottley announced that the price of fuel at the pump will be capped for the next five months.

Gasoline will cost BDS$4.48 (US$2.24) per litre, while diesel will be BDS$4.03 (US$2.01) until January 31, 2023. Mottley also said that the cap on the Value Added Tax (VAT) on gasoline and diesel, which was put in place five months ago, would be kept in place.

Implementation Plan for the CSME 2017-2019

The Caribbean Community (CARICOM) has taken steps to accelerate the use of the measures under the CARICOM Single Market and Economy (CSME). The Conference of Heads of Government in July 2017, approved the Implementation Plan for the CSME 2017-2019 which coincides with the CARICOM Strategic Plan (2015-2019).

The Plan is a comprehensive document which details the level of implementation of measures called for by the Revised Treaty of Chaguaramas or decisions taken by Community Organs.

Subscribe to Taxation