Upward onward: Bajan excellence 2030
Introduction of dedicated incentive regime for film production (continued)
Measure announced
obtain coverage of general liability insurance from a resident Barbados entity; and
ensure total crew and cast members employed composed of at least 15 percent Barbadian nationals or residents.
Our view: The earmarking of this industry to facilitate growth to the economy is innovative and can be coupled with other
tourism and fashion measures to enhance further development. Linking the availability of the concessions to entities and
individuals resident in Barbados should ensure that employment is generated and income is reinvested within the Barbados
economy.
The successful implementation of these measures to the industry would need to be underscored with the drafting and
enactment of the appropriate legislation to enforce the requirements of the concessions.
PwC | 2023/24 Budget review | Barbados
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