The Double Taxation Relief (Taxes on Income) (Barbados) Order 1970
Under the Agreement with Barbados scheduled to this Order (which is to replace the Arrangement made in 1949), shipping and air transport profits, certain trading profits not arising through a permanent establishment, dividends, royalties (other than royalties in respect of cinematograph or television films), pensions (other than Government pensions) purchased annuities and the earnings of temporary business visitors are (subject to certain conditions) to be taxed only in the country of the taxpayer's residence. Government salaries and pensions are normally to be taxed by the paying Government. The remuneration of visiting professors and teachers and payments made for the maintenance of visiting students are (subject to certain conditions) to be exempt in the country visited. Capital gains arising from the disposal of movable property are normally to be taxed only in the country of the taxpayer's residence unless they arise from the disposal of assets of a permanent establishment which the taxpayer has in the other country.