Dear Clients,
Following a protest from Barbados Ministry of International Business, Spain has
Removed Barbados from its tax blacklist.
Barbado’s international Business Minister, Donville Inniss, Praised the move and said
It was his hope that other countries would follow suit.
Inniss said: Barbados currently has 34 double taxation agreements ( DTAs)
And this to my mind adds great value to our international business sector, also, we are
Expecting a DTA with Italy and , over the next few weeks, formal negotiations on a tax
Treaty with Cyprus will commence in London, England.
Innis also indicated that the territory is undertaking bilateral discussions with those EU
Member states that still have Barbados on their lists.
He noted that Bulgaria, Croatia, Estonia, Finland, Greece, Italy, Latvia, Lithuania, Poland,
Portugal, and Slovenia has been sent diplomatic notes to ensure they are aware of the “errors”
In their listing, to formalize tax treaty relations with them, and to endeavour to have the island
Removed from their lists.
Should you need any further clarification, please do not hesitate to contact us at:
Kind Regards
Cardwell Advisory Desk.
