Barbados
Caribbean · BB · 40 treaties
What is the top personal income tax rate in Barbados?
The top personal income tax rate in Barbados is 28.5%.
Tax profile
| Corporate income tax | 25% |
| Withholding — dividends | 15% |
| Withholding — interest | 0% |
| Withholding — royalties | 0% |
| VAT / GST (standard) | 17.5% |
| Personal income (top rate) | 28.5% |
| Capital gains | n/a |
| Tax system | Worldwide |
| Residency threshold | 183 days |
| Exit / departure tax | No |
| CFC rules | No |
| Transfer pricing | None |
| Digital nomad visa | Barbados Welcome Stamp |
| Digital services tax | none |
| Global minimum tax (Pillar 2) | Committed |
Common questions
- What is the corporate tax rate in Barbados?
- The corporate tax rate in Barbados is 25%.
- How long does it take to become a tax resident in Barbados?
- It takes 183 days to establish tax residency in Barbados.
- Does Barbados have a Goods and Services Tax (GST) or VAT?
- Barbados has a standard VAT rate of 17.5%.
Tax residency
Easy to leaveWhat makes you a tax resident — and how hard it is to stop being one.
- More than 182 days (183+ days) present in Barbados in the calendar income year
- Ordinarily resident: has a permanent home in Barbados that is permanently available for use (excluding accommodation used solely as vacation property) AND notifies the Revenue Commissioner that they intend to reside in Barbados for at least two consecutive income years including the year in question
Tax residency is based on annual days of physical presence or an active election to be ordinarily resident; ceasing residency generally involves leaving Barbados so that you no longer meet the 183‑day or ordinary residence tests and filing a final return, with no multi‑year tail or citizenship tie.
Source: Barbados Revenue Authority (via KPMG – Taxation of International Executives: Barbados)
Tax treaty network (49)
In-force double-tax treaty partners. Treaty-reduced withholding (dividends / interest / royalties) shown where the official source publishes a rate; otherwise the country's statutory rate applies unless the treaty text provides a reduction.
| Partner | Div | Int | Roy |
|---|---|---|---|
| Anguilla | — | — | — |
| Antigua and Barbuda | — | — | — |
| Australia | — | — | — |
| Austria | 15% | 0% | 0% |
| Bangladesh | — | — | — |
| Belgium | — | — | — |
| Brazil | — | — | — |
| Bulgaria | — | — | — |
| Canada | 15% | 15% | 10% |
| Chile | — | — | — |
| China | 10% | 10% | 10% |
| Cuba | 15% | 10% | 5% |
| Cyprus | 0% | 0% | 0% |
| Czechia | 15% | 5% | 10% |
| Denmark | — | — | — |
| Finland | 15% | 5% | 5% |
| France | — | — | — |
| Germany | — | — | — |
| Guernsey | — | — | — |
| Ghana | 7.5% | 7.5% | 7.5% |
| Iceland | 15% | 10% | 5% |
| Indonesia | — | — | — |
| India | — | — | — |
| Iraq | — | — | — |
| Ireland | — | — | — |
| Italy | 15% | 5% | 5% |
| Luxembourg | 15% | 0% | 0% |
| Malta | 15% | 5% | 5% |
| Mauritius | 5% | 5% | 5% |
| Mexico | 10% | 10% | 10% |
| Netherlands | 15% | 5% | 5% |
| Norway | — | — | — |
| Portugal | 15% | 10% | 5% |
| Qatar | 0% | 0% | 5% |
| Seychelles | 5% | 5% | 5% |
| Spain | 5% | 0% | 0% |
| Sweden | 15% | 5% | 5% |
| Switzerland | 0% | 0% | 0% |
| United Arab Emirates | 0% | 0% | 0% |
| United Kingdom | 15% | 0% | 0% |
| United States of America | 15% | 5% | 5% |
| Bahrain | 0% | 0% | 0% |
| Botswana | 12% | 10% | 10% |
| Panama | 5% | 7.5% | 7.5% |
| Rwanda | 7.5% | 10% | 10% |
| San Marino | 5% | 5% | 0% |
| Singapore | 0% | 12% | 8% |
| Slovakia | 5% | 10% | 5% |
| Venezuela | 10% | 15% | 10% |