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Barbados: Updated CRS frequently asked questions (FAQs)

Tax authority also issued a sample self-certification form to assist with FATCA and CRS requirements.

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december 4, 2025

The Barbados Revenue Authority (BRA) in November 2025 released updated common reporting standard (CRS) frequently asked questions (FAQs).

Key updates concern self-certification requirements, due diligence procedures, reporting obligations for closed accounts and accounts with negative balances, and obligations of reporting Barbados financial institutions that cease operations.

The BRA also issued a sample self-certification form to assist reporting Barbados financial institutions with FATCA and CRS requirements.

Read a December 2025 report prepared by the KPMG member firm in Barbados.

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