Organization : Barbados Revenue Authority
Facility : Apply for Villa Rebate
Country : Barbados
Website : https://bra.gov.bb/
Download Form Here : https://www.statusin.org/uploads/28945-Villa-Form.pdf
How To Apply For BRA Villa Rebate?
Villa owners are eligible for a 25% rebate.
Related / Similar Facility : BRA Agricultural Rebate Barbados
A “villa” means a house that :
** Has at least three (3) bedrooms and is valued at not less than $525,000.00;
** Is managed by a local company or real estate agent, and employs no less than three (3) persons;
** Is registered with the Barbados Tourism Product Inc;
** Is available for the accommodation of guests for reward for at least nine (9) months in every year.
Documents to Produce :
** Tax Clearance Certificate
** Proof of Registration with the Barbados Tourism Product Inc.
How To Pay Tax Bill On BRA Portal?
Pay Your Tax Bill :
Cheque Payments :
** ALL CHEQUES must be made to the BARBADOS REVENUE AUTHORITY (BRA). Please ensure that all cheques are complete and correct, i.e. words and figures correspond and that they are signed and dated.
** On the back of the cheque please indicate the Type of Tax, Tax Period, the Taxpayer Identification Number (TIN) or Map Reference Number.
** No Personal Foreign Cheques will be accepted.
Foreign payments will only be accepted as follows :
** US Bank Drafts in US Dollars
** Canadian Bank Drafts in Canadian Dollars
** British Drafts in Pound Sterling
** International Money Orders
** International Postal Orders
** Wire Transfer
Wire Transfers :
Name on account: Barbados Revenue Authority
Address: Sixth Floor, Treasury Building, Bridge Street, Bridgetown, Barbados
Bank: Republic Bank (Barbados) Limited
Address of Branch: Independence Square, Bridgetown, Barbados
Account Number: 018313262002
Swift Code: BNBABBBB
**Please indicate the TIN or Map Reference Number in the remittance column.
Also note the following correspondent banks in territories outside of Barbados and their respective codes :
** USA- Bank of New York Melon. SWIFT Code: IRVTUS3N
** CANADA- Toronto Dominion. SWIFT Code: TDOMCATT
** UNITED KINGDOM- Lloyds TSB, SWIFT Code: LOYDGB2L
Online Payments :
** Payments for Land Tax and Municipal Solid Waste Tax (MSWT) can be made online through the eZPay portal.
FAQ On BRA
Frequently Asked Questions FAQ On Barbados Revenue Authority (BRA)
1. Am I required to submit copies of receipts and other vouchers to substantiate claims when filing?
Taxpayers are not required to submit original documents when filing. Since original documents may be subsequently requested, taxpayers are required to retain all original documents.
2. As a tenant am I entitled to a deduction for rent paid on my tax return?
Deductions for rent paid were allowed up to Income year 2014, however with effect from Income year 2015 rental allowances are no longer applicable.
3. As an employee or a self employed person are National Insurance Contributions tax deductible?
NIS contributions paid by an employee or self employed person are not tax deductible.
4. As an Employer Can I Claim the National Insurance Contributions Paid on Behalf of my Employee?
An employer may claim as a deduction that portion of National Insurance Contributions which that employer paid on behalf of an employee.
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.