Barbados overhauls corporate tax regime, slashes tax rate on local companies more than 20 per cent

Barbados will harmonize its domestic and international corporation tax regimes, by December 31, 2018, slashing the tax burden for some local companies by up to 29 per cent.

Prime Minister Mia Mottley announced in the Barbados Parliament on Tuesday, November 20, the ambitious target to overhaul a 40-year-old system that had provided a preferential low-tax regime for international business entities.

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