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Dividend withholding tax rates reduced

|Approved Changes| Barbados
 Barbados

On 1 September 2005, Income Tax (Amendment) Regulations 2005 was enacted by Parliament. This amendment adjusts the rate of withholding on dividends from untaxed profits paid to a non-resident from 40% to:

-   33% in respect of income year 2004;
-  
30% in respect of income year 2005; and
-   25% in …

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