Further Extension to Delinquent Companies Deadline
Companies that have received correspondence from the Barbados Revenue Authority (Authority) requesting that their corporate tax filings be brought up to date now have more time to regularize their affairs. This as the Authority announces a further extension of the filing deadline from December 15, 2021 until March 15, 2022.
In addition, the Ministry of Finance has approved a remit of penalties and interest for failing to file corporation tax returns where a company did not carry on a business for income years 1968 to 2020 inclusive.
The Authority has issued a Policy Note for delinquent companies on their failure to file, available online at https://bra.gov.bb.