GloBE Country Guide: Barbados

Summary

Status	Enacted Law
Law	On May 24, 2024, the Corporation Top-up Tax Act, 2024 was published in the Official Gazette.
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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Foreign Tax Credits and the Pillar Two GloBE Rules

Pillar Two: Trusts & Foundations

Pension Funds & Pillar Two