Barbados
A. Progress in the implementation of the minimum standard
Barbados has 31 tax agreements in force, including the multilateral agreement among the members of the CARICOM concluded with ten treaty partners (the CARICOM Agreement).1
Barbados signed the MLI in 2018 and deposited its instrument of ratification on 21 December 2020. The MLI will enter into force for Barbados on 1 April 2021.
Barbados is implementing the minimum standard through the inclusion of the preamble statement and the PPT.2
The agreements that will be modified by the MLI will come into compliance with the minimum standard once the provisions of the MLI take effect.
B. Implementation issues
No jurisdiction has raised any concerns about their agreements with Barbados.
Barbados is encouraged to bring the CARICOM Agreement up to date by commencing talks among all the treaty partners.3
Notes
← 1. In total, Barbados identified 40 "agreements" in its List of Tax agreements: 30 bilateral agreements and the CARICOM Agreement concluded with ten of its treaty partners.
← 2. For its agreements listed under the MLI, Barbados is implementing the preamble statement (Article 6 of the MLI) and the PPT (Article 7 of the MLI).
← 3. Revisions to the CARICOM Agreement require an agreement from its eleven treaty partners.