news icon mr-4
Date: 26 Oct, 2011
Source: Invest Barbados

In its continuing quest to fortify and expand its tax treaty network, Barbados signed a Double Taxation Agreement with the Czech Republic on October 26th 2011.

Attorney General and Acting Minister of International Business, Adriel Brathwaite, affirmed that the DTA would boost trading opportunities between

the two countries and eventually increase economic prosperity for citizens. Minister Brathwaite further remarked that the agreement “symbolizes the

efforts of the Government to strategically enhance the investment flows between both countries”, and deepen the Barbados/ Czech Republic Bilateral Relationship.

Following the signing of the agreement, Ambassador of the Czech Republic to Barbados, Edita Hrda noted that businessmen both in Barbados and the Czech

Republic should take the agreement seriously, “and see that it is really an open door for both countries.”

Barbados has signed double taxation treaties with 34 countries. The tax treaty with Spain came into force on October 14, 2011. The provisions of treaties with Luxembourg and Panama will take effect on January 1, 2012.

Treaties with another three countries – Ghana, Iceland and Portugal – are awaiting ratification.

Barbados has also initialled double taxation agreements with Belgium, Italy, and Vietnam.

A complete list of Barbados’ DTAs is available at –

http://www.investbarbados.org/dtas.php