The Barbados Revenue Authority has announced the issuance of Guidance Note OGC No. 13/2026 on the application of the transitional rule in Section 5(4) of the Corporation Top-Up Tax Act, 2024-16 for the Barbados Qualified Domestic Minimum Top-up Tax (QDMTT) in fiscal year 2024. The transitional rule provides that for the first fiscal year commencing on or after 1 January 2024, the Barbados QDMTT applies only if the income of the Barbados DMTT Group is subject to an Income Inclusion Rule (IIR…