The Barbados Revenue Authority (BRA) advises corporate taxpayers that the 2020 Corporate Income Tax (CIT) return is now available for filing.
Additionally, corporate taxpayers will now be required to upload a Capital Allowance Wear and Tear Schedule with their CIT returns. Download schedule HERE.
Companies whose fiscal year ends anytime between January 1 and September 30, should ensure they file and make any relevant payments by the Monday March 15, 2021 deadline. Companies whose fiscal year ends anytime between October 1 and December 31 should also remit their 2020 Corporate Income Tax prepayments by March 15, 2021.
Taxpayers are reminded that CIT payments can be made online in TAMIS at https://tamis.bra.gov.bb. Additionally, cheque payments may be submitted via the dropboxes at the Weymouth Corporate Centre, Warrens Tower II or the Holetown Public Centre. For assistance on how to engage the Authority, please check the website bra.gov.bb or the Authority’s social media channels for updates. See below steps to make an online payment: