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Modernization of Customs, Excise and VAT Areas

The modernization of Customs and Excise and VAT, will make a significant contribution to the overall program of reform. By raising the efficiency of these operations, it aims to contribute to public sector productivity and saving. This Program will help the GOB to identify the key activities to compensate the estimated revenue losses for the next years, through the strengthening of the customs, excise and VAT management areas. In addition, it provides improved systems which will make Barbados better prepared for the more liberalized international economic conditions provided by the CSME, EPA and FTAA. The specific program objectives are: a) To facilitate the foreign trade operations, simplifying the current customs dispatch procedures, within a process geared to increase tax collection, through the strengthening of control and audit functions, raising at the same time the capacity to prevent and fight against fraud, using risk analysis criteria. b) To strengthen the compliance with the tax obligation through the modernization of the main tax administration processes, especially those corresponding to tax collection and audit. c) To strengthen the institutional management capacity, through the improvement of administrative processes and the implementation of a mechanism for the integration and strengthening of the supporting systems(planning, internal control, financing, human resource, etc). d) To provide better services to the taxpayers with the aim to facilitate the compliance of the tax obligations. e) To update the current hardware and software infrastructure under the new IT concepts, taking into consideration the international standards for data processing, with the aim to keep up with increasing complexity of the tax administration processes.

Project Detail

Country

Barbados

Project Number

BA-L1003

Approval Date

November 9, 2005

Project Status

Closed

Project Type

Loan Operation

Sector

REFORM / MODERNIZATION OF THE STATE

Subsector

FISCAL POLICY FOR SUSTAINABILITY AND GROWTH

Lending Instrument

Préstamo de Inversión

Lending Instrument Code

INV

Modality

SEF (Sector Facility)

Facility Type

-

Environmental Classification

(R) Uncategorized Directive B.13

Total Cost

USD 6,500,000.00

Country Counterpart Financing

USD 1,100,000.00

Original Amount Approved

USD 4,400,000.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
1684/OC-BA Sovereign Guaranteed USD - United States Dollar Ordinary Capital Single Currency Facility
Operation Number 1684/OC-BA
  • Lending Type: Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Single Currency Facility

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Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-2056220512-8612
Loan Contract
Amendment Letter - Loans to Barbados Subject to a LIBOR Based Interest Rate.pdf
Jun. 19, 2022
English
https://www.iadb.org/document.cfm?id=EZSHARE-1856068004-1625
Project Monitoring Report ( Public version)
Relatório para publicação_PMR-_BA-L1003-2011-1º-Período [36623637].PDF
Jan. 12, 2012
Portuguese
https://www.iadb.org/document.cfm?id=EZSHARE-1856068004-1979
Project Monitoring Report ( Public version)
Rapport pour Publication_PMR-_BA-L1003-2011-1º-Período [36624303].PDF
Jan. 12, 2012
French
https://www.iadb.org/document.cfm?id=EZSHARE-1856068004-2333
Project Monitoring Report ( Public version)
Informe para Publicación_PMR-_BA-L1003-2011-1º-Periodo [36624886].PDF
Jan. 12, 2012
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-1856068004-2691
Project Monitoring Report ( Public version)
Report for Publication_PMR-_BA-L1003-2011-1º-Period [36625452].PDF
Jan. 12, 2012
English
https://www.iadb.org/document.cfm?id=EZSHARE-1054465132-1303
Specific Procurement Notices
BA-L1003 [36255838].PDF
Jul. 20, 2011
English
https://www.iadb.org/document.cfm?id=EZSHARE-1856068004-1220
Project Monitoring Report ( Public version)
Report for Publication_PMR-_BA-L1003-2010-2º-Period [36313032].PDF
Aug. 10, 2011
English
https://www.iadb.org/document.cfm?id=EZSHARE-1856068004-34
Project Monitoring Report ( Public version)
Relatório para publicação_PMR-_BA-L1003-2010-2º-Período [36309986].PDF
Aug. 10, 2011
Portuguese
https://www.iadb.org/document.cfm?id=EZSHARE-1856068004-430
Project Monitoring Report ( Public version)
Rapport pour Publication_PMR-_BA-L1003-2010-2º-Período [36311872].PDF
Aug. 10, 2011
French
https://www.iadb.org/document.cfm?id=EZSHARE-1856068004-825
Project Monitoring Report ( Public version)
Informe para Publicación_PMR-_BA-L1003-2010-2º-Periodo [36312456].PDF
Aug. 10, 2011
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-1054465132-1274
Procurement Plan
Loan 1684_OC-BA - Modernization of Customs, Excise and Value Added Tax Areas - Procurement Plan for the period J [35825305].PDF
Dec. 31, 1999
English
https://www.iadb.org/document.cfm?id=EZSHARE-1054465132-1196
Specific Procurement Notices
MODERNIZATION OF CUSTOMS, EXCISE AND VALUE-ADDED TAX AREAS PROGRAMME IT SUPPLY AND INSTALLATION OF COMPUTER HAR [35256905].DOCX
Dec. 31, 1999
English
https://www.iadb.org/document.cfm?id=EZSHARE-1054465132-1197
Specific Procurement Notices
MODERNIZATION OF CUSTOMS, EXCISE AND VALUE-ADDED TAX AREAS PROGRAMME (IT) [35256906].DOCX
Dec. 31, 1999
English
https://www.iadb.org/document.cfm?id=EZSHARE-1054465132-218
Procurement Plan
1684_OC-BA Procurement Plan Sept 2009 - March 2010 [2263330].PDF
Dec. 31, 1999
English
https://www.iadb.org/document.cfm?id=EZSHARE-1054465132-183
Procurement Plan
Modernisation of Customs, Excise and Value Added Tax Areas [1183915].DOC
Dec. 31, 1999
English
https://www.iadb.org/document.cfm?id=EZSHARE-1054465132-182
Procurement Plan
Procurement Plan MODERNISATION OF THE CUSTOMS, EXCISE AND VALUE ADDED TAX AREAS PROGRAMME [960935].DOC
Dec. 31, 1999
English
https://www.iadb.org/document.cfm?id=EZSHARE-1054465132-181
Procurement Plan
Modernisation of the customs, excise and value added tax areas programme [933416].DOC
Dec. 31, 1999
English
https://www.iadb.org/document.cfm?id=EZSHARE-1054465132-178
Procurement Plan
Procurement Plan [818962].DOC
Dec. 31, 1999
Other
https://www.iadb.org/document.cfm?id=EZSHARE-1054465132-167
Loan Proposal
Modernization of Customs, Excise and Value Added Tax Areas [626980].PDF
Dec. 31, 1999
English
Preparation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-1054465132-1446
Project Outline
Modernization of Customs, Excise and Value Added Tax Areas [382736].PDF
Dec. 31, 1999
English

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