S.I. 2025 No. 21
Small Business Development Act CAP. 318C
DECLARATION OF APPROVED SMALL BUSINESS (INFOSTORE SOLUTIONS INC.) ORDER, 2025
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 (Infostore Solutions Inc.) Order, 2025.
- For the purposes of the Small Business Development Act, Cap. 318C,
Infostore Solutions Inc., a company incorporated under the Companies Act, Cap. 308 as Company No. 21621, the registered office of which is located at 54 Retreat Close, Hilbury, Workmans, in the parish of Saint George, is declared to be an approved small business.
- Infostore Solutions Inc. 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
2 S.I. 2025 No. 21
- 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 25th day of April, 2025.
SANDRA HUSBANDS
Minister responsible for Business Development (Ag.)
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Printed and Published by
the Barbados Government Printing Department
