Industries

Helping clients meet their business challenges begins with an in-depth understanding of the industries in which they work. That’s why KPMG LLP established its industry-driven structure. In fact, KPMG LLP was the first of the Big Four firms to organize itself along the same industry lines as clients.

How We Work

We bring together passionate problem-solvers, innovative technologies, and full-service capabilities to create opportunity with every insight.

Learn more

Careers & Culture

What is culture? Culture is how we do things around here. It is the combination of a predominant mindset, actions (both big and small) that we all commit to every day, and the underlying processes, programs and systems supporting how work gets done.

Learn more

Barbados: Tax measures in 2025 budget

Direct and indirect tax proposals

Share
March 11, 2025

The Barbados Ministry of Finance, Economic Affairs and Investment outlined several tax proposals in the 2025 budget, including:

  • Income tax: Elimination and reduction of late filing fees, capped interest and penalties, and a grace period for payments
  • National insurance and social security (NIS) contributions: Interest capped at 25% and full relief for timely settlement of outstanding contributions
  • Income tax thresholds: Increase for pensioners (to $50,000*) and individuals (to $40,000) from April 1, 2025
  • Meal allowances: Non-taxable allowances for hotel workers from April 1, 2025
  • Property transfer tax: Removal for deeds of gift to children and dependents for land under 1 acre
  • Commercial kitchen equipment: Removal of duties and VAT from April 1, 2025 through March 31, 2027
  • Food and beverage concessions: Extension from April 1, 2025
  • Excise tax on salty snacks: 20% excise tax from June 1, 2025
  • VAT removal on select food items: Effective April 1, 2025

Read a March 2025 report prepared by the KPMG member firm in Barbados

*$=Barbadian dollar

Thank you!

Thank you for contacting KPMG. We will respond to you as soon as possible.

Contact KPMG

Use this form to submit general inquiries to KPMG. We will respond to you as soon as possible.

By submitting, you agree that KPMG LLP may process any personal information you provide pursuant to KPMG LLP\'s . Privacy Statement

An error occurred. Please contact customer support.

Job seekers

Visit our careers section or search our jobs database.

Submit RFP

Use the RFP submission form to detail the services KPMG can help assist you with.

Office locations

International hotline

You can confidentially report concerns to the KPMG International hotline

Press contacts

Do you need to speak with our Press Office? Here's how to get in touch.

Headline