The economies of various countries continue to recover at varying pace from the global recession. Barbados, as a small island state still has its fair share of hurdles to clear in order to get to a sustainable position.

Indeed its efforts are stymied by the directives issued by The Organization for Economic Co-operation and Development (OECD) and the European Union (EU) which threaten to marginalise its international business sector.

The Prime Minister, the Right Honourable Mia Amor Mottley, delivered her 2019 national budget speech to Parliament on Wednesday, 20 March 2019.

The Prime Minister noted that her Government’s policies intended to address stabilization, growth and transformation and she announced both tax and non-tax measures to achieve these objectives.

Deloitte 2019 Budget snapshot

 

We are pleased to make a contribution to this economic conversation through an analysis of the Prime Minister’s budget.

In this publication, our tax and business advisory teams share perspectives on the expected impact on persons, businesses and the economy in general.

Deloitte strives to make an impact that matters. We hope that you find our commentary and analysis insightful and that it facilitates your understanding of these measures.

For clarifications or advice, please do not hesitate to contact one of our advisors.

Download the full commentary here.

About the Author

Deloitte
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“Deloitte” is the brand under which in the region of 200,000 professionals in independent firms throughout the world collaborate to provide audit, consulting, financial advisory, risk management, and tax services to selected clients.The Deloitte practice in Barbados is managed by a team of 4 partners and over 60 professional and support staff. The firm is a result of a merger between the previous practice of Deloitte & Touche in Barbados and Toppin, Walker & Co., a prominent Barbados based accountancy firm.