📘 Excise Tax Act, 2015-32
Enacted in December 2015, the Excise Tax Act, 2015-32 ("the Act") provides the legal framework for the imposition and management of excise tax on specific goods produced or imported into Barbados. This Act consolidates and modernizes several previous pieces of legislation, including the Spirits Act, Cap. 90B, the Excise Act, Cap. 69, and the Brewery Act, Cap. 326, enhancing the efficiency and transparency of the excise tax system.
The Act applies to goods such as spirits, beer, tobacco, and other items specified by law. It outlines the responsibilities of producers and importers, requiring them to obtain an excise licence, register electronically with the Barbados Revenue Authority, and submit monthly tax returns through the Authority’s digital platform. Additionally, the Act details procedures for warehousing, tax assessment, and compliance reporting, ensuring a transparent and accountable supply chain.
To ensure compliance, excise licensees are obligated to maintain accurate records, provide secure storage facilities, and support audits and inspections conducted by the Authority. The Act allows for exemptions and remissions in certain circumstances, such as for goods imported for diplomatic or international use, duty-free shops, or temporary imports. It also includes provisions for refunds and establishes penalties for non-compliance.
By consolidating and updating previous laws, the Act improves the overall administration of excise taxation in Barbados, aligning with international best practices.
📥 Download the full Act(s) below:
Access the official documents in PDF format by clicking the links provided.