bra.gov.bb Apply for an Agricultural Rebate : Barbados Revenue Authority
Organization : Barbados Revenue Authority
Facility : Apply for an Agricultural Rebate
Country : Barbados
Website : https://bra.gov.bb/
Download Form Here : https://www.statusin.org/uploads/28941-Agri-Form.pdf
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Apply Agricultural Rebate :
For agriculture practitioners, a 50% rebate may be accessed. The applicant must be registered with the Ministry of Agriculture, Food, Fisheries and Water Resource Management and use the land or property for agricultural purposes.
Related : Apply for Tax Clearance Barbados Revenue Authority : www.statusin.org/28936.html
Documents to Produce :
** Tax Clearance Certificate
** Letter From Ministry of Agriculture, Food, Fisheries and Water Resource Management
About Us :
The Barbados Revenue Authority was established on April 1, 2014, as a statutory corporation, subsequent to the merger of Barbados’ various tax collecting agencies, including the Inland Revenue and Land Tax Departments, the Value Added Tax (VAT) and Excise Divisions of the Customs and Excise Department.
In addition, the Authority is responsible for the revenue collection functions of the Barbados Licensing Authority as well as the cashiering functions of the Customs Department and providing information technology support to Customs.
The Authority is responsible for effective and efficient tax administration in a fair open and transparent manner fostering a high degree of voluntary compliance.
FAQs :
1. How can I make Land Tax payments?
** Tax payers must produce the Map Reference number and state the year and the amount they intend to pay.
** Payments made within 30 days of the bill date are elligible to receive a 10% discount. Payments made in the next 30 days are elligible to receive 5% discount. Thereafter the principle amount is payable.
** All cheques must be accompanied by the bill or EXACT reference number. ALL CHEQUES must be made to the BARBADOS REVENUE AUTHORITY.
** Please ensure that all cheques are complete and correct, i.e. words and figures correspond and that they are signed. NO personal foreign cheques (i.e. cheques from banks which are not present in Barbados) will be accepted.
** Payments for Land Tax and Municipal Solid Waste Tax can also be made online through the eZpay portal.
** We do however accept bank drafts and international postal orders.
** Please accompany all email queries with your name and reference number.
2. How does a person have a tax bill redirected to a new address?
The property owner must submit a signed request or submit a “change of address” form with the proposed changes. Any person who is not the owner MUST provide a Letter of Administration or power of attorney for a name to be added as person in possession.
3. How is Land Tax calculated?
From land tax year 2015 -16, vacant land is calculated at 0.8% of the site value of the land. Residential property however is calculated on the improved value of the property.
The first $150,000 is calculated at 0%, the next $300,000 is calculated at 0.1%, the next $550,000 is calculated at 0.45% and 0.75% is calculated on an excess over $1,000,000.