Barbadians are being told not to expect any VAT-free holiday this year.
Amid speculation on social media and notices of previous VAT-free holidays resurfacing, the Ministry of Finance, Economic Affairs and Investment issued a brief statement on the matter on Tuesday.
“Due to numerous social media campaigns and other media commentary which have contributed to heightened expectations of a VAT-free holiday, potentially leading to a slowdown in actual economic activity, the Ministry of Finance advises the public and the business community to conduct their business with no such expectation,” it said before wishing the public “a safe, peaceful and festive Yuletide Season and all the very best for 2024”. (BGIS/BT)
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