According to updates from the Barbados parliament, the Income Tax (Amendment) Bill 2024 and the Corporation Top-up Tax (Amendment) Bill 2024 were both approved by the House of Representatives on 7 May 2024 and are now before the Senate. As previously reported, 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, including a reduced tax rate for qualifying intellectual property incom…