The Barbados parliament is considering the Income Tax (Amendment) Bill 2024 and the Corporation Top-up Tax Bill 2024, which received their first reading on 28 February 2024. The measures of the two bills are summarized as follows. The Income Tax (Amendment) Bill 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: New rules for the calculation of assessable income from qualifying intellectual property, which includes multiplying overall income from intellectual property by the nexus ratio (qualifying expenditure plus uplift expenditure / overall expenditure), with...