Barbados Defers Annual Return Filing Deadline
by Mike Godfrey, Lowtax.net, Washington
02 February, 2016
Barbados's Corporate Affairs and Intellectual Property Office has announced that the deadline for certain companies to file their annual return has been extended by two months.
Domestic companies are required, under Section 15A of the Companies Act, to file an annual return by January 31 of each year. This deadline has been extended to March 31.
Section 15A of the Companies Act provides that every company having a share capital, except an external company to which section 343 applies, must, not later than January 31 in every year, file with the Registrar an annual return in the manner and form prescribed; and, at the time of filing, pay the prescribed fee.
Return forms must be completed by a director or authorized officer of the company, and the following company types are exempt from the filing requirement: international business companies, exempt insurance companies, international societies with restricted liability, international financial service entities, and nonprofit companies, and charities.
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