Barbados Tax Agency Posts FAQs on CRS for Pension Funds

The Barbadian Revenue Authority June 3 posted online FAQs on the common reporting standard (CRS) for pension funds. The FAQs state that: 1) pension funds not qualifying as broad or narrow participation funds are classified as reporting financial institutions and must identify nonresident account holders for annual reporting; 2) pension funds must file annual information with the Revenue Authority to ensure correct classification and continued exemption eligibility; 3) the annual reporting period ends Dec. 31, and the annual filing period is May 1 through July 31 of the following year; 4) the initial reporting period ended Dec. 31, 2025, and ...