Corporate Tax

BRA points pointers for grandfathers – corporate / industrial legislation

Barbados:

BRA issues guidelines for grandfathers

February 16, 2021

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The Barbados Revenue Authority (BRA) has published a guide regarding corporate tax filing requirements for grandfathers (income year 2021):

Companies registered under the International Business Companies Act Cap. 77; International companies registered under the Capieties with Restricted Liability Act Cap. 318B (now amended by Law 2018-47); Companies registered under the Exempt Insurance Act Cap. 308A and the Insurance Act Cap. 310 were given the option to become a grandfather, with most of the benefits and rights saved up to the prescribed dates. Grandfather’s time ends on June 30, 2021.

Click here to view the guide PPG NO 09_2020_Transitioning Grandfathered Entities

Source: Barbados Revenue Authority

Originally published December 18, 2020

The content of this article is intended to provide general guidance on the subject. A professional should be obtained about your particular circumstances.

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