S.I. 2024 No. 73
Small Business Development Act CAP. 318C
DECLARATION OF APPROVED SMALL BUSINESS (KABENI INCORPORATED) ORDER, 2024
The Minister, in exercise of the powers conferred on him by section 4 of the
Small Business Development Act, makes the following Order:
- This Order may be cited as the Declaration of Approved Small
Business (Kabeni Incorporated) Order, 2024.
- For the purposes of the Small Business Development Act, Cap. 318C,
Kabeni Incorporated, a company incorporated under the Companies Act, Cap. 308 as Company No. 52754, the registered office of which is located at Lot 18 Balls Land in the parish of Christ Church, is declared to be an approved small business.
- Kabeni Incorporated is granted the following incentives in respect of
its business:
- exemption from import duty on raw materials and plant and equipment imported for use in the business;
- exemption from withholding tax on dividends and interest earned on any investment in an approved small business or in any fund approved for investment in small businesses;
- exemption from the payment of stamp duty under the Stamp Duty Act, Cap. 91 on all documents related to the business, where the registration of those documents is required by law; and
- a deduction of corporation tax of an amount equal to 20 per cent of the actual expenditure incurred in respect of the use of technology, market research and any other activity that is, in the opinion of the Revenue Commissioner, directly related to the development of the business.
Made by the Minister this 6th day of December, 2024.
L. CUMMINS
Minister responsible for Business Development
12th December, 2024
S.I. 2024 No. 74
Miscellaneous Controls Act CAP. 329
MISCELLANEOUS CONTROLS (CONTROL OF PRICES) (GENERAL) (AMENDMENT) REGULATIONS, 2024
The Minister, in exercise of the powers conferred on him by section 3 of the
Miscellaneous Controls Act, makes the following Regulations:
- These Regulations may be cited as the Miscellaneous Controls
(Control of Prices) (General) (Amendment) Regulations, 2024.
- The Schedule to the Miscellaneous Controls (Control of Prices)
(General) Regulations, 2015 (S.I. 2015 No. 76) is amended by deleting the following items:
“Diesel Fuel” “Gasoline” and “Kerosene”
appearing in the first column of the Schedule under the Article “PETROLEUM PRODUCTS” and all the words appearing opposite thereto in the columns marked “WHOLESALE PRICE” and “RETAIL PRICE” and substituting therefor the items set out in the Schedule to these Regulations, together with the wholesale and retail prices set out in respect of those items.
- These Regulations shall come into operation on the 14th day of
December, 2024.
SCHEDULE
(Regulation 2)
| ARTICLE | WHOLESALE PRICE (not greater than) | RETAIL PRICE (not greater than) |
| PETROLEUM PRODUCTS: Diesel Fuel | $3.07240 per litre | $3.32 per litre |
| Gasoline | $3.57762 per litre | $3.88 per litre |
| Kerosene | $1.21864 per litre | $1.27 per litre |
Made by the Minister this 12th day of December, 2024.
L. CUMMINS
Minister responsible for Energy and Business
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
Printed and Published by
the Barbados Government Printing Department
