The guidance note outlines the Barbados Revenue Authority's transitional safe harbour framework for Country‑by‑Country Reporting under the OECD's multinational tax standards. It explains that multinational enterprises (MNEs) can rely on a simplified reporting threshold during the initial implementation phase, allowing them to defer full detailed disclosures while still meeting local compliance obligations. The note delineates eligibility criteria, including group revenue thresholds and the need for documented transfer pricing policies. It also clarifies the process for submitting the CbCR to the Authority, specifying required electronic formats and deadlines. The safe harbour provisions cover key metrics such as total sales, profit margins, and tax payments across jurisdictions, offering a pragmatic pathway for businesses to align with international best practices without immediate full‑scale reporting burdens. The guidance further details the audit expectations, potential penalties for non‑compliance, and the rights of taxpayers to request clarification or extensions. Finally, the note provides illustrative examples of how MNEs may calculate the threshold metrics and references supporting documentation that must be retained for future inspections.