Notification for Top-Up Tax
Under Section 45 of the Corporation Top-Up Tax Act, 2024-16, entities are required to notify the Barbados Revenue Authority that they are a qualifying entity for the purposes of Top-Up Tax within 12 months after the end of the first fiscal year in which the entity is a qualifying entity.
Notice is effected through the completion and submission of the Top-Up Tax Registration Form. Such registration must be submitted by electronic data transmission via the Barbados Revenue Authority’s Global Relations Portal, accessible at https://globalrelations.bra.gov.bb/.
You must first be registered in the Portal and have a password in order to be able to complete the Registration Form.
As an administrative concession, any initial notification which would otherwise be due during calendar year 2025 or no later than 28 February 2026, may be submitted no later than March 6, 2026.
An initial notification submitted within this extended period will be treated as having been submitted on time for compliance purposes, and no penalty will apply solely by reason of the extension.
Click here to download - Guidance on Top-Up Notification and Administrative Extension