Barbados: AEOI portal for FATCA and CRS reports, open until 31 July 2021

AEOI portal will be available until 31 July 2021 for filing of 2020 FATCA and CRS reports

AEOI portal will be available until 31 July 2021 for filing of 2020 FATCA and CRS reports

The Barbados Revenue Authority announced that the automatic exchange of information (AEOI) web portal opened on 1 May 2021, and will be available until 31 July 2021 for the filing of 2020 FATCA and common reporting standard (CRS) reports. Penalties will be applied on submissions made after July 2021.

Also, the tax agency reminded financial institutions that if an entity has operated for the full reporting year (or even for a part of a year), a report must be submitted for the period.

Any requests to have institutions de-registered from the AEOI portal must be submitted in writing to the Barbados Revenue Authority on the company’s letterhead and with all necessary documents, to be sent via email. All outstanding reports must be submitted before the entity is de-registered.

Read a May 2021 report [PDF 66 KB] prepared by the KPMG member firm in Barbados

 

 

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