The Small Business Association (SBA) recently held its Networking Session at the Savannah Beach Hotel. At this highly anticipated event, over one hundred members and guests were given the opportunity to connect with like-minded entrepreneurs to build strong corporate networks within the MSME Sector.
In light of Government’s decision to amend the Value Added Tax Act to allow for the 17.5 percent tax to be collected for online transactions from May 1st 2019, the Small Business Association (SBA) held an information session for small business owners to allow for clarity on how the tax would be implemented and who it would affect.
With the rapid influx of small businesses and entrepreneurs entering the market, it is essential for business owners to maintain a competitive edge in order to preserve their economic resilience as a going concern.
The SBA hosted a sensitisation session on the mini-budget, recently presented by the Minister of Finance & Economic Affairs and approved by the Parliament of Barbados.
During the last quarter the Small Business Association continued its focused on sensitising members on current affairs issues through several educational fora.
The harsh reality of an underperforming economy in the aftermath of the global financial crisis, decreased foreign reserves and the absence of a practical fiscal programme from Government, coalesce to create a challenging environment for doing business in Barbados.
