Barbados: Extension of digital transformation tax credit
Credit extended until December 31, 2025
The government on December 17, 2024, extended until December 31, 2025, its 100% tax credit for businesses investing in technology upgrades.
The initiative, part of a broader strategy to enhance the digital ecosystem, covers expenses incurred in modernizing processes, systems, and adopting new technologies.
For more information, contact a KPMG tax professional in Barbados:
Grant McDonald | grantmcdonald@kpmg.bb
Marianne Greenidge | mariannegreenidge@kpmg.bb