Tuesday 1 December, 2020

NSRL ease for Barbadians

Barbadians can breathe a sigh of relief, as they now face fewer taxes on their health.

This as Government has removed the eight percent increase of the National Social Responsibility Levy (NSRL) on medications issued by the Barbados Drug Service. 

A move President of the Barbados Pharmaceutical Society (BPS), Derek Catlyn, is happy to see as the association was "concerned that the price of pharmaceuticals will increase and have a negative impact or burden on the Barbadian public".

He told Loop News that the decision to waive the levy on medication was outlined in a July 11 letter from the Ministry of Finance, after a request by the Drug Service.

Catlyn previously expressed concern about the impact the increased NSRL would have on the health of Barbadians, as persons found it challenging to afford their medication and therefore praised Government for the change in policy:

"I will be honest, we are always bashing the government with the various austerity measures. 

"As a Barbadian I am happy that the Minister of Finance has reconsidered and exempted pharmaceuticals."

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He went on to stress that persons should no longer have to bear the hike in prices for drugs which some pharmacies implemented on July 1: 

"The increase that we would be bracing for in the private sector should not occur and prices will remain the same."

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