Section
Markets, enterprise, and economic developments.
Lead story
Government eliminates late filing fee for zero returns in income tax and value added tax. Late filing fees reduced for personal income tax. National Insurance Scheme contributions to have capped interest.
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Grantley Adams International Airport (GAIA Inc.) supports the 2025 Budget's focus on enhancing aviation and tourism sectors in Barbados. Initiatives include reducing regional travel fees to boost connectivity and economic growth.
CTUSAB criticizes Barbados government's 2025 Budget for failing to address price gouging and high living costs, calling for stronger consumer protection laws and more affordable basic necessities.
The Barbados Private Sector Association praises the holistic Budget proposals, emphasizing measures for wellbeing and economic resilience. Support for initiatives enhancing Barbadians' quality of life and private sector development.
The Institute of Chartered Accountants of Barbados (ICAB) expresses disappointment over the lack of clarity in the Budget regarding business investment incentives, potentially hindering Barbados' economic growth. The 2025 Budget focuses on social measures alongside investment incentives.
