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Tax deduction for g...
 

Tax deduction for gym membership  

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Paul Mayers
(@paul)
Member Admin
Joined: 2 years ago
Posts: 273
13/07/2018 12:16 pm  

Offer as a personal income tax deduction, the cost of an annual gym membership or membership in a similar exercise programme.

 

Rationale:  A large percentage of Barbados' health budget is spent on treating persons suffering from non-communicable diseases.  Many of these diseases can be controlled or in some instances, prevented with exercise.  By offering the cost of gym membership or membership in a similar exercise programme as a personal income tax deduction, it acts as an incentive for persons to exercise, which in itself leads to a healthier population and can lead to reduced demand on the health budget, particularly in the treatment of non-communicable diseases.

 

Submitted by Nicole Alleyne


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