WORLD TRADE
ORGANIZATIONG/SCM/Q3/BRB/9/Corr.2 *
15 January 2003
(03-0192)
Committee on Subsidies
and Countervailing MeasuresOriginal:  English
SUBSIDIES
Requests Pursuant to Article 27.4 of the Agreement
on Subsidies and Countervailing Measures
Replies to Follow-up Questions Posed by the UNITED STATES1
Regarding the Notification of BARBADOS2
Corrigendum
The following text (as indicated in bold  type face) was inadvertently omitted from the
original document and should be inserted after sub-paragraph (l) on page 167 of the document as
follows:
…(m) making any provisions which may be convenient for the administration of this Act or
which in the opinion of the Commissioner may be desirable or necessary to carry
out the purpose or provisions of this Act;  and
(n) providing that any breach of regulatio ns is an offence punishable on summary
conviction and prescribing penalties for such an offence which may be as greatas but not greater than the maximum penalties provided by subsection (1) of
section 79.
(2) The Commissioner may, by order, prescribe such forms and tables as are required by
this Act or as he considers desirable for the administration and enforcement of this Act and theregulations.
(3) The fact that no regulations have been made with respect to any matter or thing with
respect to which regulations may be made under this section shall not vitiate anything done or
required to be done by this Act and shall not otherwise affect the operation of this Act.
PART VI
Interpretation
Interpre-
tation85.(1) For purposes of this Act the expression
                                                     
*G/SCM/Q3/BRB/9/Corr.1 circulated in English only.
1 G/SCM/Q3/BRB/7.
2 G/SCM/N/74/BRB, G/SCM/N/71/BRB and G/SCM/Q3/BRB/6.G/SCM/Q3/BRB/9/Corr.2
Page 2
"annuity" means an amount payable on a periodic basis, whether payable at intervals
longer or shorter than a year, and whether payable under a contract, will, trust or
otherwise;
"assessable income" means income of an y kind calculated in accordance with
Divisions C to K and Division R of Part II;
"basic industry" means an industry prescribed by regulation as being a basic industry;"benevolent organization" means a body poli tic, corporate or collegiate, a company, a
trust, a society and a fellowship or fraternity, whether corporate or not corporate, which
is established in Barbados and all the res ources of which are devoted to charitable,
religious, educational or scientific purposes of a public nature, and no part of the income
of which is payable or paid to or is oth erwise available for the personal benefit of any
proprietor, member or shareholder thereof;
"brother" means a male person who is relate d to another person because each is a child
of the same third person;
"business" includes a profession, vocation, trade, manufacture or undertaking of any
kind whatsoever and includes an adventure or concern in the nature of trade but does
not include an office or employment;
Cap.243. "charity" has the meaning assigned to it in section 2 of the Charities Act  and
"charitable" has a corresponding meaning;
"child" includes a step-child;
"Commissioner" means the person holding or  lawfully exercising the functions of the
office of Commissioner of Inland Revenue;
"company" means any body corporate whether incorporated in Barbados or elsewhere
and includes a society and an association other than an association of underwriters but
does not include a local or public authority;
"disposition" includes any trust, grant, agreement or arrangement;"double taxation relief" means relief from tax under Part IV;
1980-12.
1984-19.
1986-25.
1992-28."emoluments" includes salary, wages, overtime remuneration, bonus, commission,
retirement plan benefits and retiring allowances, any amount in respect of services, anyprerequisite (including the benefit of a rent free residence or any sum paid in lieu
thereof), directors' fees that are subject to tax under this Act and that arise or accrue in
or derive from or are received in Barbados;
"employee" means an individual in the service of some other person, including the
Crown, the Government or the Crown in right of its government of any part of the
Commonwealth outside Barbados or a foreign state or sovereign, and includes an
officer, and "employment", "employer" and "employed" have corresponding
meanings;
1998-12.
1998-15."equity interest" has the meaning assigned to it by section 2 of the Mutual Funds Act ;G/SCM/Q3/BRB/9/Corr.2
Page 3
1971-12. "fiscal period", in relation to a company or  other person carrying on a business, means
the period for which the accounts of the business have been ordinarily made up and
accepted for the purposes of income tax and, in the absence of an established practice, the
fiscal period is that adopted by the person wi th the approval of the Commissioner;  but not
fiscal period may exceed 53 weeks and no change in a usual and accepted fiscal period may be
made for the purposes of this Act without the concurrence of the Commissioner;
…
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