The Barbados parliament is considering the Income Tax (Amendment) Bill 2024 and the Corporation Top-up Tax Bill 2024, which received their first reading on 28 February 2024. The measures of the two bills are summarized as follows.

The Income Tax (Amendment) Bill 2024 amends the Income Tax Act, Cap. 73 to make provision for the reform of corporation tax in Barbados and other related matters. T…