GloBE Country Guide: Barbados

Summary

Status	Draft Law
Law	On February 28, 2024, the Corporation Top-up Tax Bill, 2024 received its first reading in the House of Assembly.
Effective Date	Financial years beginning on or after January 1, 2024
IIR	No
UTPR	No
QDMTT	Yes (2024)
Filing Deadlines	Unknown
Safe Harbours	Transitional CbCR Safe Harbour

Legislation
General
Differences to Model Rules
Qualifying Domestic Minimum Top-Up Tax
Administration and Filing
Penalties

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Lee Hadnum

Lee is a qualified Chartered Accountant and Chartered Tax Adviser. A former Senior Tax Analyst at Bloomberg Tax, Lee began his career in Ernst & Young's Entrepreneurial Services department and has 20 years of international tax planning experience. Lee's books have been recommended by The Times, The Guardian and The Telegraph.

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