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Barbados Approves Income Tax (Amendment) and Validation Act 2024 and Corporation Top-up Tax (Amendment) Act 2024

05 June 2024

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Approved Changes

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Barbados

According to updates from the Barbados parliament, the Income Tax (Amendment) and Validation Act 2024 and the Corporation Top-up Tax (Amendment) Act 2024 were both approved by the Senate on 15 May 2024, following their approval by the House of Representatives on 7 May 2024. Both Acts were published in the Official Gazette on 24 May 2024. As previously reported, the Income Tax (Amendment) and Validation Act 2024 amends the Income Tax Act, Cap. 73 to make provision for the reform of corporation tax in Barbados and other related matters. This includes the following, which generally apply from 1 January...