On 3 May 2017, the Convention for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income between the Republic of Cyprus and Barbados was signed in London. The text of Double Taxation Agreement (DTA) agreed between the two jurisdictions will enhance the trade and economic relations, between Cyprus and Barbados as well as with other countries.

The Convention is based on the OECD Model Tax Convention for the Avoidance of Double Taxation.