The Barbados Agricultural Society (BAS) and the Barbados Association of Retired Persons are both giving kudos to Cabinet for granting relief to some members from the Municipal Solid Waste Tax.
Yesterday, Cabinet agreed to ease pensioners, whose land carries an improved value of $190,000 or less and slash the tax rate in half for owners of agricultural land.
BAS CEO James Paul said the reduction would mean “great things for the productive sectors” and provide an incentive for new farmers.
“A lot of farmers had expressed some concern in terms of the ability to pay such a tax. Now it has been cut in half I’ve been contacted by at least one farmer who has at least expressed pleasure with the fact that Cabinet has reached the decision,” he told Barbados TODAY.
“During this year we have seen a lot of people who have actually started up farming operations and I think it could only provide even greater encouragement to those persons who would have started up their farming operations and who would want to have some medium term plan to keep their costs as low as they could keep it.”
In a short statement, BARP CEO Edward Bushell described the Cabinet decision as a “first step in alleviating the burden placed on pensioners”.
He said BARP is looking “forward to a further consideration for those pensioners whose site value is over $190,000”.
“We trust that a rebate similar to that applied to pensioners under the Land Tax Act Section 6B will be granted to this group.We are also pleased to note that the deadline for payment has been extended to December 31, 2014 and that all interests will be waived until then,” he said.