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Barbados plans to attract investment following an increase in corporate tax

The Government of Barbados plans to implement new measures to attract investment following an increase in corporate tax 
 
These new measures will be announced in March to promote investment, particularly in the field of sustainable investments, including in the blue and green economy, the fight against the climate crisis and new risk assurances.
 
In November, Prime Minister Mia Mottley announced the changes to the country's corporation tax regime, in line with its commitment to enforcing a global minimum tax.
 
She said the objective of the tax reform is to modernise the corporate tax system, to ensure it is conducive to doing business in Barbados while ensuring full compliance with international tax standards.
 


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