The Tax Information Exchange Agreement (TIEA) between South Africa and Barbados has been approved by Parliament in terms of section 231(2) of the Constitution; the date of entry into force is 19 January 2015. The agreement was signed on September 17, 2013 for the exchange of information relating to tax matters.
In case of Barbados, the treaty covers the income tax (including premium income tax), the corporation tax (including the tax on branch profits) and the petroleum winning operations tax. In case of South Africa, it covers the normal tax, the withholding tax on royalties, the dividend tax, the tax on foreign entertainers and sports persons, and the value-added tax.
