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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