Latest Treaty Updates: Barbados


Treaty Update: United Kingdom - Barbados

27/4/2012

The United Kingdom and Barbados signed a revised DTA during the UK Minister for the Caribbean's visit to the Caribbean region, which began on April 25, 2012.


Treaty Update: Barbados - Various

8/11/2011

According to the OECD, Barbados signed three new TIEAs, with Greenland, Denmark and the Faroe Islands, on November 3, 2011.


Treaty Update: Barbados - Various

8/11/2011

Barbados signed protocols with Sweden, Norway and Finland on November 4, 2011, to include information exchange provisions in their existing bilateral DTAs which meet international standards in terms of transparency and tax information exchange.


Treaty Update: Czech Republic - Barbados

31/10/2011

The Barbados government announced on October 27, 2011, the signing of a DTA between Barbados and the Czech Republic.


Treaty Update: Luxembourg - Barbados

4/10/2011

According to preliminary media reports, the DTA between Luxembourg and Barbados has entered into force and will be generally effective from January 1, 2012.


Treaty Update: Barbados - Spain

13/9/2011

According to the government of Barbados, the DTA between Barbados and Spain, signed on December 1, 2010, has been ratified and will enter into force on October 14, 2011.


Treaty Update: Barbados - Spain

24/8/2011

According to preliminary media reports, the DTA signed between Spain and Barbados on December 1, 2010, and ratified on May 25, 2011, is to enter into force on October 14, 2011.


Treaty Update: Barbados - Finland

5/7/2011

According to Invest Barbados, Barbados has initialled a protocol to its existing tax treaty with Finland.


Treaty Update: Barbados - Greenland

5/7/2011

According to Invest Barbados, Barbados has initialled a TIEA with Greenland.


Treaty Update: Barbados - Faroe Islands

5/7/2011

According to Invest Barbados, Barbados has initialled a TIEA with the Faroe Islands.


Treaty Update: Barbados - Denmark

5/7/2011

According to Invest Barbados, Barbados has initialled a TIEA with Denmark.


Treaty Update: Barbados - Iceland

5/7/2011

According to Invest Barbados, Barbados has initialled a tax treaty with Iceland.


Treaty Update: Barbados - Sweden

5/7/2011

According to Invest Barbados, Barbados has initialled a protocol to its existing tax treaty with Sweden.


Treaty Update: Barbados - Norway

5/7/2011

According to Invest Barbados, Barbados has initialled a protocol to its existing tax treaty with Norway.


Treaty Update: Spain - Barbados

3/6/2011

Spain ratified




Treaty Updates by Territory

Latest News


Canada, Barbados Amend DTA 10/11/2011
Canada and Barbados have inked a protocol to their existing double tax agreement, designed to bring the treaty up to date with modern standards on the exchange of information.

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Barbados Welcomes Czech Double Tax Pact 28/10/2011
The Barbados government announced on October 27, 2011, the signing of a convention for the avoidance of double taxation with the Czech Republic.

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Barbados Initials Nordic Treaties 4/7/2011
Barbados has initialled tax information exchange agreements with three Nordic territories, initialled a tax treaty with Iceland, and added protocols to three existing tax treaties.

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Luxembourg Approves Multiple Tax Treaties 8/2/2011
During a recent meeting, Luxembourg’s governing council adopted the bill providing for the approval of bilateral tax agreements with Barbados and Panama, as well as for the approval of amendments to multiple existing bilateral tax treaties.

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Barbados Commits To Information Exchange 7/2/2011
The Prime Minister of Barbados, Freundel Stuart, has announced that in order to fully implement Barbados’s national policy on transparency and demonstrate its commitment to the G-20 endorsed standard on the exchange of information for tax purposes, the Government will amend the Barbados Income Tax Act.

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Barbados, Spain Sign DTA 27/9/2010
The Barbados government has announced the signing of a double tax agreement with Spain, which is expected to significantly bolster economic relations between the two countries, and consequently increase trade flows and bilateral investment.

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Panama Expands Tax Agreement Network 8/9/2010
Panamanian Vice President and Foreign Minister Juan Carlos Varela has flown to Europe to sign double taxation treaties with Portugal, Italy, Spain, France, and Luxembourg.

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Panama Pushes For White List Placement 18/8/2010
Panama’s Deputy Economy Minister, Frank De Lima has said that by the beginning of 2011 Panama should be placed on the OECD's white list of territories that have substantially implemented the internationally agreed standard for transparency and tax information exchange through the signing of comprehensive Double Tax Agreements.

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Panama Ratifies Barbados Tax Agreement 12/8/2010
The Panamanian government announced the ratification of three cooperation agreements on August 10.

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Panama To Sign DTA With Luxembourg 6/7/2010
The Panamanian government has finalized negotiations in Luxembourg ahead of the signing of a treaty to avoid double taxation between the two countries, announced deputy economy minister, Frank De Lima, who led the negotiating team for Panama.

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Panama, Barbados Initial DTA 24/6/2010
Meeting to discuss enhancing bilateral relations, Panama’s Vice President, Juan Carlos Varela and George Hutson, Barbados’s Minister of International Business, initialed the text of a convention for the avoidance of double taxation and fiscal evasion with respect to taxes on income between the two countries.

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Barbados Eyes Larger DTA Network 5/4/2010
At the recent signing of the Barbados-Luxembourg Double Tax Agreement in London, Barbados Minister of International Business and International Transport, George Hutson, said that the continued expansion of the jurisdiction's tax treaty network is enhancing its reputation and attractiveness as a place to do business.

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Hong Kong Property Taxes Reviewed 16/3/2010
Hong Kong’s Financial Secretary, John C Tsang, made the traditional post-budget speech at the Joint Business Community Luncheon on March 12 and, in particular, reviewed the tax measures taken to increase the transaction cost of property speculation so as to reduce the risk of a property bubble being created.

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NZ Emissions 'Tax' Attacked 15/3/2010
The ACT New Zealand Party, a member of the country’s present coalition government, has continued its opposition to New Zealand’s new carbon emissions trading scheme, calling it a tax that will increase inflation in the economy.

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Orascom Loses Algerian Tax Appeal 12/3/2010
Egyptian telecom company, Orascom Telecom, has announced that its Algerian subsidiary, Orascom Telecom Algérie, has received a rejection to its appeal, made in December last year, against the notice for taxes and penalties it had received from the Algerian tax authorities the month previously.

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Australia Promised Full Debate On Tax Review 15/3/2010
Following indications that the Australian government was thinking of a delay to the release of the Henry tax review, the Treasurer, Wayne Swan, has now confirmed that it will be issued in good time for a full debate on any proposed tax changes.

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Switzerland, Slovakia Initial Revised DTA 12/3/2010
It has recently emerged that Switzerland and Slovakia have initialled a revised bilateral double taxation agreement, containing the Organization for Economic Cooperation and Development’s standard on tax information exchange.

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UK Budget To Hit The Rich 12/3/2010
Wealthy individuals may have less than two weeks to put plans in place to reduce the tax impact of the Chancellor’s pre-election Budget, warns PKF Accountants and business advisers.

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Malaysia Not Cancelling GST 12/3/2010
After a government meeting, Malaysia’s Second Finance Minister, Datuk Seri Ahmad Husni Hanadzlah, has rejected any suggestion that the proposed introduction of a goods and services tax has been cancelled.

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Germany Approves Liechtenstein TIEA 15/3/2010
Germany’s Cabinet has recently approved a bill pertaining to the bilateral tax information exchange agreement with Liechtenstein.

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UAE Completes VAT Study 12/3/2010
Authorities in the United Arab Emirates are inching closer to the introduction of a value-added tax.

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Baucus Seeks Trade Preference Reform 15/3/2010
Senate Finance Committee Chairman Max Baucus is leading efforts for reform of US trade preference programs accorded to developing countries.

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Jersey Riding Out Onshore Storm 15/3/2010
Jersey will overcome the evolving challenges being faced by offshore international financial centres, Geoff Cook, Chief Executive of Jersey Finance, told participants at a Breakfast Briefing in London.

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OECD Urges Fiscal Policy Shift 12/3/2010
Governments must now gear their economies towards jobs, international competitiveness and increasing the tax-take, the Organization for Economic Cooperation and Development has said in its latest ‘Going for Growth’ report, analyzing the next step for recovering economies.

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BVI To Review Taxes And Fees 15/3/2010
British Virgin Islands Prime Minister, Ralph O’Neal has said that the territory will run a budget surplus during 2010, although the government still intends to review indirect taxes and fees on financial services.

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