Barbados

On 28 October 2026, the Barbados Revenue Authority (BRA) announced its participation in the latest Global Competent Authorities Meeting convened under the OECD’s Base Erosion and Profit Shifting (BEPS) framework. As a small island developing state (SIDS), Barbados used the forum to advocate for proportionate implementation of international tax standards, emphasizing the unique capacity constraints

On 19 October 2026, the Barbados Revenue Authority (BRA) published a Policy Note formally designating rental car companies as direct tourism services under the Tourism Development Act. This classification brings rental car operators within the scope of specific tourism-related tax incentives and obligations, including the application of the Tourism Product Development Levy and Value Added

On 15 October 2026, the Barbados Revenue Authority (BRA) published a new guidance note titled “Exchange of GloBE Information Returns under the GIR MCAA.” This guidance addresses the implementation of the Global Anti-Base Erosion (GloBE) Information Returns (GIR) framework under the Multilateral Competent Authority Agreement (MCAA) for the exchange of information related to the OECD/G20

On 15 October 2026, the Barbados Revenue Authority (BRA) published a Policy Note listing the approved rental car companies authorized to operate under the island’s Car Rental Levy regime. This update follows the implementation of the Car Rental Levy and the discontinuation of Visitor Driving Permits, which took effect on 17 October 2025. The levy,

On 15 October 2026, the Barbados Revenue Authority (BRA) published a Policy Note officially designating the list of approved rental car companies for the purposes of accessing targeted tax incentives under the Tourism Development Act (Cap. 341) and the Income Tax Act (Cap. 73). This policy note, referenced as PN-2026-04, provides definitive guidance to the

As of 8 October 2026, the Barbados Revenue Authority (BRA) has initiated a mandatory bank account verification exercise, commonly known as a “penny test,” for all taxpayers expecting refund payments from the Authority. This measure is part of the BRA’s enhanced fraud prevention and payment accuracy program, ensuring that refunds are deposited into valid, taxpayer‑controlled

On 7 October 2026, the Barbados Revenue Authority (BRA) hosted a high-level delegation from the Jamaica Tax Administration (TAJ) for a comprehensive study visit centered on digital tax services and modern revenue administration. The engagement represents a significant milestone in Caribbean tax cooperation, reflecting a shared commitment to leveraging technology for enhanced taxpayer compliance, improved

The Barbados Revenue Authority (BRA) has announced its active participation in the Caribbean Organisation of Tax Administrators (COTA) 2026 conference, scheduled for late August 2026. As a leading tax administration in the region, the BRA will contribute its expertise in tax compliance modernization, international tax standards implementation, and digital transformation initiatives. This engagement underscores Barbados’

On 24 August 2026, the Barbados Revenue Authority (BRA) issued a press release announcing a significant reduction in land tax bills for residential properties with valuations exceeding BBD 450,000. The measure forms part of the government’s ongoing property tax reform agenda under the Land Tax Act, Cap. 87A, and is designed to provide relief to

On 17 August 2026, the Barbados Revenue Authority (BRA) issued Guidance Note 16, formally extending the filing deadline for Common Reporting Standard (CRS) and Foreign Account Tax Compliance Act (FATCA) information returns for the 2025 reporting year. The extension moves the due date from the original 30 June 2026 to 30 September 2026, a three-month