Minister Toppin: Barbados Is OECD Compliant

Shamkoe Pilé Top Stories

Barbados is no longer under threat of a negative listing by the Organisation for Economic Co-operation and Development (OECD). Minister of International Business and Industry, Ronald Toppin, made this disclosure during an international tax conference with stakeholders in New York on Thursday. Minister Toppin said his Ministry had received confirmation from the OECD that it supports legislative changes enacted by …

OECD To Decide On Barbados’ BEPS Response

Shamkoe Pilé Top Stories

A team from the Ministry of International Business will travel next week to the Organization for Economic Cooperation and Development (OECD) in Paris, France, to attend the Forum on Harmful Tax Practice (FHTP) from January 9 to 11. During the forum, the final review of Barbados’ response to the Base Erosion and Profit Shifting (BEPS) initiative will take place. Director …

Ministry To Sensitize Media On BEPS Response

Shamkoe Pilé Ministry News

The Ministry of International Business and Industry will host a media sensitization workshop on Barbados’ response to the Base Erosion and Profit Shifting (BEPS) Initiative and its impact on the international business and financial services sector. It will be held on Wednesday, November 28, in the ground floor conference room of Baobab Tower, Warrens, St. Michael, from 11:00 a.m. to 12:30 p.m. …

Barbados To Converge Local & Int’l Tax Rates

Shamkoe Pilé Top Stories

Barbados is one of the first countries in the world to converge its local and international tax rates, making its tax system globally competitive, while bringing the country in line with the Organization for Economic Cooperation and Development’s (OECD) Base Erosion and Profit Shifting (BEPS) initiative. In addition, from January 1, 2019, domestic companies will pay the same tax rates …

Companies In Barbados Will Not Be Disadvantaged

Shamkoe Pilé Top Stories

Companies in Barbados will not be disadvantaged as the country seeks to become a global hub for business. This assurance has come from Minister of International Business and Industry, Ronald Toppin, in a statement released on Thursday, November 15, which outlined Barbados’ response to the Base Erosion and Profit Shifting (BEPS) initiative. He stated that several legislative changes would be …

Barbados’ Response To BEPS Programme

Shamkoe Pilé Top Stories

Government will be implementing several positive changes to this island’s International Business and Financial Services sector. Minister of International Business and Industry, Ronald Toppin, announced on Thursday, November 15, that the Cabinet of Barbados decided to put the new measures in place to ensure Barbados will be compliant with the Organisation for Economic Cooperation and Development’s (OECD) Base Erosion and …