The Barbados Revenue Authority has published Guidance Note PPG No. 11/2022, providing an updated list of jurisdictions with which Barbados intends to have an exchange relationship for the exchange of Country-by-Country (CbC) reports and the jurisdictions with which Barbados has an exchange relationship under the Multilateral Competent Authority Agreement on the Exchange of Country-by-Country Reports (CbC MCAA). A list was published earlier in the year indicating that Barbados had activated exchange relationships with 91 jurisdictions. The updated list includes the same 91 jurisdictions as having an intended exchange relationship with Barbados, while 61 of the listed jurisdictions actually have an activated exchange relationship with Barbados.
The list also includes the United States, which is not marked as having an intended or activated exchange relationship with Barbados. This is because the United States is not a party to the CbC MCAA and, therefore, Barbados is required to negotiate a bilateral qualifying competent authority agreement to facilitate the exchange of CbC reports. According to the IRS CbC Reporting Jurisdiction Status Table, negotiations with Barbados have not begun.