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BLP: Repeal tax certificate law


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BLP: Repeal tax certificate law

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THE BARBADOS LABOUR PARTY (BLP) continues to blast a new law requiring a tax clearance certificate in order to complete property transactions and loans involving any form of property interest.

In a statement issued yesterday in reaction to claims from the Barbados Bankers’ Association about a lack of clarity over the tax certificates, the party called for a repeal of the law.

“We call on the Government for the urgent repeal of this legislation and for us to determine how best we can reduce the arrears both owed to and by Government, given the protracted economic recession of the last eight years.” 

The BLP said that when the amendment was introduced two months ago, its position was that it would be the death knell of business in Barbados. (PR)

Please read the full story in today’s Midweek Nation, or in the eNATION edition.

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