According to updates from the Barbados parliament, the Income Tax (Amendment) and Validation Act 2024 and the Corporation Top-up Tax (Amendment) Act 2024 were both approved by the Senate on 15 May 2024, following their approval by the House of Representatives on 7 May 2024. Both Acts were published in the Official Gazette on 24 May 2024.
As previously reported, the Income Tax (Amendment) and Validation Act 2024 amends the Income Tax Act, Cap. 73 to make provision for the reform of corpora…