Barbados' status as a compliant, reputable and transparent
global financial centre was recently validated by the European
Union (EU). On February 18, 2020, the EU removed Barbados from
Annex II, after Barbados implemented all the necessary reforms to
comply with EU tax good governance principles. Barbados is among 16
countries that have implemented the requirements ahead of time and
among 49 countries in total that have implemented the necessary tax
reforms overall.
In welcoming the endorsement, CEO of Invest Barbados, Ms.
Kaye-Anne Brathwaite stated "Barbados delivered on its promise
to implement the changes required. This is testament to the
country's commitment to maintaining global standards including
international tax transparency, and in this case, to being
compliant in every regard with the EU and OECD requirements. It is
also evidence of the on-going strong private-public sector
collaboration and cooperation that ensures Barbados remains a
jurisdiction of
