ICAB: Tax administration system a challenge

The Institute of Chartered Accountants of Barbados (ICAB) has highlighted the need for the country’s tax administration system to improve.

ICAB chief executive officer Lisa Padmore flagged the issue while participating in the Post-Budget Discussion Forum hosted by the Barbados Chamber of Commerce and PricewaterhouseCoopers at Hilton Barbados Resort.

In an immediate response, Minister in the Prime Minister’s Office with responsibility for Economic Affairs and Planning Marsha Caddle acknowledged the challenges...