The Hong Kong Inland Revenue Department (IRD) announced that the officials from Barbados and Hong Kong concluded the first round of negotiations for an income tax treaty on 28 March 2025.
The agreement between Hong Kong and Barbados aims to eliminate double taxation on income and capital while addressing tax evasion and avoidance.
Any resulting treaty would be the first between the two jurisdictions and must be finalised, signed, and ratified before entering into force.
Earlier, on 18 March 2025, the IRD announced that the first round of income tax treaty talks between Barbados and Hong Kong would take place from 24 to 28 March 2025.
