Losses may be carried forward for 9 years to offset any business profits derived in an income year by both individuals and corporations. Domestic corporations having losses within a group of companies may surrender current trading losses to a profit-making member of the group.
Trusts and Estates are also taxed at the same rates as individuals, but without the Bds$25, 000 annual tax-free allowance.
No tax on capital gains is imposed in Barbados.
© 2008 Department of Inland Revenue, Treasury Building, Bridge Street, Bridgetown, Barbados
all rights reserved.
|Self Assessment System|
|Reverse Tax Credit|
|Rate of Tax|
|Notices of Assessment|
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