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Barbados: Double Tax Treaties

Tax-Sparing Provisions

A tax-sparing provision has the effect that if tax is 'spared' ie exempted in Barbados, then it is credited against an investor's tax liability in his home country (the treaty counterpart) as if it had actually been paid in Barbados. There are tax-sparing provisions in the treaties with Finland, Norway, Sweden and Canada, although the Canadian treaty excludes International Business Companies and similar entities from treaty benefits.



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