Barbados has announced numerous changes to the nation's tax regime in the 2012-13 Budget. Some of the changes include revisions to the corporate and personal income tax regimes, land tax changes, and a tax amnesty.
The Barbados 2010-13 budget is again one of austerity, it aims to narrow the nation's deficit, which shrank from BB$ 720 million (US$ 360 million) in the fiscal year 2010-11, to BB$ 389 million (US$ 194.5 million) in fiscal year 2011-12, or 4.5 percent of gross domestic
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