The Barbados Revenue Authority (BRA) has released a guidance note with reference to the Corporation Tax Filing Requirements for Grandfathered Entities (Income Year 2021):
Companies registered under International Business Companies Act Cap. 77; International Societies registered under the Societies with Restricted Liability Act Cap. 318B (now Amended by Act 2018-47); entities registered under the Exempt Insurance Act Cap. 308A and the Insurance Act Cap. 310 were given an option to be grandfathered where the most of the benefits and rights so enjoyed were saved until prescribed dates. The grandfathering period expires on 30 June 2021.