Barbados

Corporate - Significant developments

Last reviewed - 03 August 2023

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). CbC reports must be filed within 12 months after the end of the fiscal year of the ultimate parent.