The Prime Minister of Barbados in an unprecedented show of strength and confidence in the economy, announced on November 20, 2018 a series of new tax measures intended to bolster both the domestic in international sectors.

The measures include the convergence of the domestic and international tax rates and the laying out of a roadmap to achieve the swift and smooth implementation of both domestic improvements and international criteria to ensure that Barbados remains compliant with the requirements of the Organisation for Economic Co-Operation and Development (“OECD”) and European Union (“EU”) initiatives.

Chris and Andrew and the Tax Team have provided a summary of the tax updates as well as a brief overview of the State of our Economy and an update on the Debt Restructuring.

Click here to have a read.