Barbados

Country-by-Country (CbC) Reporting

Barbados passed the Income Tax (Country-by-Country Reporting) Act, 2021 on 8 December 2021. This legislation will make provision for the annual filing of CbC reports by multinational enterprises (MNEs) earning total consolidated group revenue in excess of 850 million United States dollars (USD). The portal was opened in late September 2022, and the deadline for filing CbC reports for fiscal years ending 31 December 2021 to 28 February 2022 was extended to 31 March 2023.