Barbados’ Customs and Excise Department reports significant revenue shortfalls linked to concessions, waivers and suspected tax evasion. One outlet says losses exceed US$1.5 billion between 2023 and July 2026, citing figures from the department.
Another report provides a related set of numbers: it says the department collects about $5.46 billion in revenue over the same period, while more than $3 billion is lost through concessions, waivers and suspected tax-related fraud. The two accounts emphasize different aspects of the same underlying reporting—one highlighting the size of losses in a US-dollar framing, and the other presenting the broader collected versus lost totals. Both refer to the department’s internal documentation covering the period from 2023 through July 2026.
Across the coverage, the core points are that revenue losses are attributed to granted exemptions (concessions and waivers) and suspected non-compliance, and that the figures are derived from customs reporting for the stated time frame.
