BIBA Publications

BIBA Tax Committee Bulletin on the Protocol amending the Barbados-Canada Double Taxation Agreement

Canada and Barbados, on November 8, 2011 signed a Protocol Amending the Canada – Barbados Tax Agreement. The original Double Taxation Agreement (“DTA”) came into Force on December 22, 1980. This Bulletin offers a perspective on some of the major amendments to the DTA and their implications for doing business in Barbados. Download the November 2011 edition of the Tax Bulletin here.

BIBA Tax Committee Bulletin on Recent Barbados TIEA Signing

This Bulletin discussed the recent announcement by the Barbados government that it had initialled Tax Information Exchange Agreements (“TIEAs”) with Denmark and its dependencies Greenland and the Faroe Islands despite Barbados' stated preference for signing double taxation agreements over TIEAs.

BIBA Tax Committee Bulletin on Recent Developments in International Tax Regulation

There has been considerable activity in the area of international tax matters affecting Barbados and this bulletin seeks to address the impact of some of these developments. Download the April 2011 edition of the BIBA Tax Committee Bulletin here.

BIBA Tax Committee Bulletin on OECD Global Forum Peer Review Report

Chair of the BIBA Tax Committee Russ Jones questions the Global Forum’s legitimacy to sanction Barbados and reiterates the country’s right to tax sovereignty as argued by the Barbados government in its response to the report. Download the February 10, 2011, Tax Committee Bulletin here.

BIBA Jan - Feb 2012 Newsletter

This edition of the BIBA newsletter explores the new Money Laundering and Financing of Terrorism (Prevention and Control) Act (2011-23) more commonly called the Anti-Money Laundering legislation, which covers the major changes to the rules that outline the responsibilities of the non-banking community including real estate agents, jewellers, lawyers and accountants.

BIBA Nov - Dec 2011 Newsletter

This edition of the newsletter highlights BIBA's final activities for 2011 and offers updates from the CEO of Invest Barbados on new priorities and developments in the expansion of Barbados's robust tax treaty network.

BIBA Sept - Oct 2011 Newsletter

Since our last newsletter BIBA has been playing an active role in bringing to the attention of all of our stakeholders, in both the private and public spheres, the challenges currently facing the international business sector in Barbados, as well as the opportunities that the sector presents for all Barbadians. Contained herein are also discussions on some significant international challenges that, we felt needed to be highlighted.

BIBA July - August 2011 Newsletter

This edition of the newsletter highlights the new Budgetary proposals released in Government that were of relevance to the international business sector, provides perspective from BIBA-Canada on domestic developments there that could impact on the way Canada does business with Barbados, and highlights the activities of the 2011 International Business Week.

BIBA May - June 2011 Newsletter

In this issue of the BIBA newsletter, Immediate Past President Mohammed Patel sends a farewell message to members while new President Connie Smith outlines the areas that she and the new administration plan to focus on during her tenure given the pace at which the global landscape for international business centres such as Barbados is currently evolving. The schedule for International Business Week 2012 is also featured. Please download a copy of the full newsletter here.

BIBA March - April 2011 Newsletter

BIBA has been very pleased at how seriously the Barbados government responded to the actions taken by the Organisation for Economic Cooperation and Development and the UK customs authorities. More insight on government’s perspective on these and other related matters can be found in this newsletter. Please download a copy of the full newsletter here.

BIBA Jan - Feb 2011 Newsletter

The strength of recovery in Barbados’ international business sector buoyed our spirits last year as our sector continued to outperform the island’s other major foreign exchange earners. However, this new year has brought with it new challenges and our first newsletter for 2011 offers varying perspectives on how to engage these challenges. Please download a copy of the full newsletter here.

BIBA Q4 2010 - Newsletter

The last quarter of 2010 was one of varied experiences for Barbados and the international business sector. We were faced in October with the sudden death of Prime Minister David Thompson while in office, plus the adversity wrought by being hit by one of the most costly natural disasters to affect Barbados within the past decade. Against that background and the concomitant challenges, BIBA and its strategic partners were still able to stage the second International Business Week, which in fact stretched its activities from the end of October to the middle of November to accommodate the events postponed on account of Prime Minister Thompson’s passing and the passage of tropical storm (later hurricane) Tomas. Download the full Newsletter here.

BIBA 2009 - 2010 Annual Report

The 2009-2010 Annual Report outlines the various activities and initiatives undertaken by the organisation through the work of its sub-committees and secretariat over the reporting period. This is a PDF document and must be downloaded to be viewed.

BIBA Charity Trustee Report February 2011

The Charity’s main objective through to 2012 is public healthcare in Barbados, and these funds will be used to make a donation of at least 4 vital signs monitors to the Queen Elizabeth Hospital. Dr Dexter James at the QEH has indicated that the Accident & Emergency department is sorely in need of this equipment, and we are in the process of having those ordered and delivered to the hospital. You can download the full text of the report here.