March 17, 2021 The distinction between international business companies and domestic firms in the payment of corporate tax to Government is to officially end in three months, Minister of International Business Ronald Toppin has revealed. As the House of Assembly considers the 2021/2022 Estimates of Revenue and Expenditure, he told lawmakers that by June 30, the Mottley administration will completely close the taxation gap between these two types of business operations. Toppin said: “We have already revised our corporate tax structure. We have converged our corporate tax rates [for] domestic and international business companies. We have brought the tax rate down to a rate that is more found in the international business sector which is between 5.5 per cent corporate tax at the top and one per cent at the bottom.