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BRA: READY FOR 2018 AEOI SUBMISSIONS

07/03/2019 10:34 AM
Barbados Revenue Authority Press Releases

BRA: READY FOR 2018 AEOI SUBMISSIONS 

The Barbados Revenue Authority (BRA) advises all financial institutions based in Barbados that the Automatic Exchange of Information (AEOI) web portal is now available for their 2018 submissions.

Financial institutions are required to report the relevant 2018 AEOI information by Wednesday, July 31, 2019. These entities are reminded that if they operated for the full reporting year or part thereof, a submission must be made for that particular period.

Financial institutions are also asked to note that any request to have AEOI accounts deleted should be submitted in writing to the BRA on the company’s letterhead. In addition, all outstanding submissions must be completed before the deletion of an account.

The AEOI is a standard in Barbados’ international reporting requirements for the Foreign Account Tax Compliance Act (FATCA) and the Common Reporting Standard (CRS).