Payment of the Top-Up Tax
Multinational Enterprise (MNE) groups can now make their local Top-Up Tax payments through the Tax Administration Management Information System (TAMIS).
A new tax type, 'Top Up Tax First Year,' is now in TAMIS for those who registered for the tax earlier this year.
Log in to TAMIS to access the return.
- Select the Returns tab.
- Click Add Return.
- Choose Top Up Tax First Year.
Taxpayers will then be directed to a simplified return requiring:
- The name of the MNE Group;
- The number of constituent entities within the Group located in Barbados; and
- The amount of Top-Up Tax payable.
An attachment showing the names and TIN number of the local entities in the DMTT Group is to be included.
Filing and Payment Requirements
Only one local entity within the Barbados DMTT Group is required to file the Top-Up Tax return and make payment on behalf of the DMTT Group.
Requesting Tax Agent Changes
If you want to use a different tax agent for your Top-Up Tax obligation than the one who does your other TAMIS filings or if you choose to file the Top-Up Tax return yourself, please notify the Authority by email at ltu.operations@bra.gov.bb so the change can be made. Such change will apply only to Top-Up Tax matters. The agent for other tax filings will remain the same.