Former Barbados PM Advocates for VAT


August 9 — Former Barbados Prime Minister Owen Arthur, on a brief visit to St. Kitts and Nevis as a consultant on matters pertaining to the UNDP’s Millennium Development Goals, was very positive in his assessment of the Government decision to implement a value-added-tax (VAT), during an Aug. 7 interview with Press Secretary Erasmus Williams.

Barbados established a VAT back in 1997, during Arthur’s tenure as prime minister.

The rate was set at 15% for most products and services, and 7.5% for hotel accommodations. Exempt, or ‘zero-rated’ items, include exports and prescription drugs, among others.

The VAT replaced 11 domestic levies, including the Consumption Tax, Stamp Duty, Surcharge, Excise Tax, and an Environmental Levy.

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