OECD Approved Domicile

Posted by PURE in News | August 17, 2011
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The OECD in its initial report published in April 2009, “Progress Report on the Jurisdictions Surveyed by the OECD Global Forum in Implementing the Internationally Agreed Tax Standard,” recognized Barbados as the only independent, Caribbean nation which has substantially implemented the internationally agreed tax standard. It is therefore accepted that Barbados has met requirements for the exchange of information on request in all tax matters for the administration and enforcement of domestic tax law without regard to a domestic tax interest requirement or bank secrecy for tax purposes.

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