Barbados Annual Returns FilingJune 2013
The Barbados inland revenue reminds that the deadline for filing corporate annual returns is June 15, 2013 .Companies must also pay their estimated tax due by this date.
Failure to do so till the deadline carries a fine of $ 500 and an additional 5% charge of the tax due.
Barbados Spain DTA Entry Into ForceOctober 2011
The double tax treaty, DATA, signed between the two countries on December 1, 2010 entered into force on October 14, 2011 and applyies from that date too.
According to the DTA there is zero tax withholding for payments of interest and royalties and 5% (or zero if the holding company's share is more than 25%) for payments of dividend.
Barbados V.A.T. HikeDecember 2010
The V.A.T. rate in Barbados increased from 15% to 17.5% effective December 1, 2010.
The increase is a temporary measure for 18 months aimed to reduce the fiscal deficit.
Note: The information in this site is for general guidance only. Users of this site are advised to take professional advice before taking practical tax decisions.
Please read our terms of service before entering this site.