Barbados: Domestic Corporate Taxation
Scope of Corporation Tax
Under the Income Tax Act, Barbados imposes corporation tax on 'companies': this term includes all companies incorporated or registered in Barbados, and any foreign company which carries on business or has an office or place of business in Barbados. Resident companies are taxed on their world-wide income; 'resident' means managed and controlled from Barbados. Non-resident companies are taxed only on income derived from Barbados, meaning from business actually conducted in Barbados.