According to an update from the OECD, Barbados signed the Multilateral Competent Authority Agreement on the Exchange of Country-by-Country Reports (CbC MCAA) on 23 December 2021. As previously reported, Barbados has introduced CbC reporting requirements that apply for reporting fiscal years beginning on or after 1 January 2022 for MNE groups meeting an annual consolidated revenue threshold of USD 850 million in the preceding fiscal year