The income tax treaty between Barbados and Portugal entered into force on 6 October 2017. The treaty, signed 22 October 2010, is the first of its kind between the two countries.
Taxes Covered
The treaty covers Portuguese personal and corporate income taxes, and local surtax on corporate income tax. It covers Barbados income tax, corporation tax, and the petroleum winning operations tax.
Withholding Tax Rates
- Dividends - 5% if the beneficial owner is a company directly holding at least 2…