Dear Barbados Free Press,
I would like to inform you that the Prime Minister has put the nail in the coffin in the used car industry in Barbados. He changed the levy on used cars from $150 to $2000 a year ago. Now, effective July 1, he has changed the levy from $2000 to $4000.
You can verify this information through the official gazette. This $4000 levy accounts for a huge portion of the approximately $7,000 to $8,000 payable in duties on used cars.
The Prime Minister’s aim was to destroy the small car dealers and he has succeeded.
Another small business destroyed by the Barbados Government.