A new tax on some of the world’s largest multinational companies based here helped boost government revenue by more than $150m during the first quarter of the financial year, with the Central Bank stressing that households and small businesses will not be directly affected.

The Qualified Domestic Minimum Top-up Tax contributed heavily to the Government’s revenue during the first quarter of the 2026–27 financial year, Governor Dr Kevin Greenidge told Barbados TODAY.

The tax – introduced in 2024 – applies to very large multinational enterprise groups with annual consolidated revenues of at least 750 million euros.