Barbados is an independent English-speaking
Commonwealth country with a dynamic economy.
Barbados remains committed to the implementation of global tax standards and is one of the first countries in the Caribbean to converge its local and international tax rates, making its tax system globally competitive, while bringing the country in line
with the OECD’s Base Erosion and Profit Shifting (BEPS) Initiative.
This became effective 1 January 2019 and by implementing the new regime, Barbados has fulfilled its commitment to be fully compliant with the BEPS
Action 5 addressing harmful tax practices.