© 2004 Ministry of Finance and Economic Affairs
Frequently Asked Questions
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Administration:
- How do you acquire a Government vehicle/equipment, which is no longer useful to the Department/Ministry?
- What type of information is required in the letter?
- Are all vehicles/equipment sold to individuals?
- Are similar procedures followed in respect of purchase of government furniture?
Compensation:
- Who can claim compensation for loss of personal property?
- What procedure must be followed?
 
Social Investment Fund:
- What is the Social Investment Fund?
- Who can apply for funding under this fund?
 
Public Officer Loan and Travelling Allowances Regulations 2001:
The Public Officers Loan and Travelling Allowances Act and Regulations govern the authorization of loans for the purchase of vehicles.
- Who is eligible to a vehicle Loan?
- What is the maximum amount an officer is entitled to borrow?
- Can an officer purchase a used vehicle?
- What documentation must be submitted when applying for a loan?
- What is the repayment Period?
- How long would it take to process an Application Form?
 
Supervisor of Insurance:
- What is an Exempt Insurance Company?
- What are the requirements for establishing an exempt insurance company in Barbados?
- What are the advantages of using Barbados as a captive domicile?
- Is an Exempt Insurance Company subject to taxation?
- What is the tax paid by Lloyd's Underwriters?
- What is the rate of tax payable by insurance companies carrying on general insurance business in Barbados?
- What fees are payable to the Office of the Supervisor of Insurance in respect of domestic insurance registrations?
- What fees are payable to the Office of the Supervisor of Insurance in respect of exempt insurance registrations?
 
Management Accounting:
- What are the major enterprises owned by the State?
 
Revenue Section:
- When will I get a response?
- Will the Minister of Finance grant an exemption from the payment of Value Added Tax?
- What must I do to make an application for a waiver of duties?