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Date: 18 Aug, 2011
Source: Invest Barbados

The Double Taxation Agreement (DTA) between Barbados and Spain has been ratified.

The Barbados – Spain double taxation agreement further augments the bilateral relations between the two countries, and will boost economic ties between Barbados and Spain.

It will also strengthen Barbados’ standing as a highly respected domicile for international investment and expand Barbados’ current network of treaties. To date, Barbados has double taxation treaties with 27 countries, and another two that are awaiting ratification by the treaty partners – Ghana and Portugal. Copies of Barbados’ DTAs are available at: http://www.investbarbados.org/dtas.php.

The double taxation agreement, which provides for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, was signed by representatives of the respective governments on December 1, 2010.

The Barbados – Spain double taxation treaty will enter into force on Friday, October 14, 2011.