Barbados: Updated CRS frequently asked questions (FAQs)
Tax authority also issued a sample self-certification form to assist with FATCA and CRS requirements.
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.