This website uses cookies that help with improved and customized user experience. Please read our cookie policy for more information on the cookies we use.

Read Cookie Policy

Guidance Notes

Common Reporting Standard – Due Diligence & Reporting Obligations for Trusts

The Barbados Revenue Authority (“The Authority”) has penned this guidance note to provide Reporting Barbados Financial Institutions (“RBFIs”) with guidance on the required due diligence and reporting obligations concerning trusts under the Common Reporting Standard (“CRS”).

Trusts are one of the classes of entities governed under the CRS. A Trust may be either:

  • a RBFI; or
  • a Non-Financial Entity (“NFE”) that maintains a Financial Account with a RBFI.

Click here to download Guidance Note - CRS Due Diligence and Reporting Obligations for Trust