The Hon. Mia Amor Mottley S.C. M.P., Prime Minister of Barbados and Minister of Finance, Economic Affairs and Investment presented the Government’s Budgetary Proposals and Financial Statement 2023 covering the fiscal period 2023 to 2024 on Tuesday, 14 March 2022.
In a speech the Prime Minister called, Mission Transformation, she announced early on that there would not be any new or higher taxes imposed on all citizens. “The good news is, there is no bad news!” Instead she focused on the need to drive continued long term sustainable growth of the economy through a national transformation and the “vision of excellence” to achieve that goal.
We are pleased to provide our perspective and comments on some of the fiscal measures announced during the budget presentation. Should you wish to discuss the impact of any of the proposed measures on your organisation, please reach out to our Tax and Legal Services team.