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Reverse Tax Credit

In respect of Income Year 2009, employed individuals who earn less than $18,000 per annum enjoy the benefit of a ‘Reverse Tax Credit’ a grant of BDS $1300. Other individuals are granted a personal allowance of BDS $25,000 per annum while pensioners age 60 and over are exempt from tax on the first BDS $40,000 of their annual income
© 2008 Department of Inland Revenue, Treasury Building, Bridge Street, Bridgetown, Barbados
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The Income Tax System and Administration in Barbados

Self Assessment System
Tax Reform
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Reverse Tax Credit
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