(Barbados Nation) Barbadians could benefit from a reduction in Value Added Tax (VAT) – at least for one day – on the heels of Duty-Free Day and calls for a repeat of the initiative.
Minister of Finance Chris Sinckler told the DAILY NATION that was one of the options that could be considered once an evaluation of last Friday’s exercise was complete.
While he could not say whether there would be a repeat of Duty-Free Day – which saw thousands of customers flocking to Bridgetown from very early morning until after nightfall, to purchase a maximum of Bds$1 000 in items at prices usually reserved for visitors – Sinckler said other initiatives to ease the strain on consumers would be examined.
“We will look at it again to see where we can do something like this again, not only for the businesses but for the people of Barbados,” he said.
