Global Forum on Transparency and Exchange of Information for Tax Purposes: Barbados 2020 (second round) : peer review report on the exchange of information on request

This report analyses the implementation of the international standard of transparency and exchange of information on request in Barbados. It assesses both the legal and regulatory framework as of 20 December 2019 and its operation in practice, in particular in respect of EOI requests received and sent during the review period from 1 July 2015 to 30 June 2018. This second round EOIR peer review report concludes that Barbados is overall Partially Compliant with the international standard. Table of contents Reader’s guide Abbreviations and acronyms Executive summary Overview of Barbados Part A: Availability of information A.1. Legal and beneficial ownership and identity information A.2. Accounting records A.3. Banking information Part B: Access to information B.1. Competent authority’s ability to obtain and provide information B.2. Notification requirements, rights and safeguards Part C: Exchanging information C.1. Exchange of information mechanisms C.2. Exchange of information mechanisms with all relevant partners C.3. Confidentiality C.4. Rights and safeguards of taxpayers and third parties C.5. Requesting and providing information in an effective manner Annex 1: List of in-text recommendations Annex 2: List of Barbados’ EOI mechanisms Annex 3: Methodology for the review Annex 4: Barbados’ response to the review report This report contains the 2020 Peer Review Report on the Exchange of Information on Request of Barbados