BB · AmericasBZ · Americas
Barbados vs Belize: tax rates compared
Between the two, Barbados's income tax rate (28.5%) tops Belize's (25%) by 3.5pp. The 200-country average is 28%: Barbados sits above it, Belize sits below it. Barbados's figure is dated 2026-01-11 and Belize's 2025-01-01, so the two rates come from different data vintages.
Verified data covers five of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | BB | BZ | Difference |
|---|---|---|---|
| Income Tax | 28.5% | 25% | BB +3.5 pp |
| Corporate Tax | 9% | 0% | BB +9 pplargest gap |
| VAT | 17.5% | 12.5% | BB +5 pp |
| Capital Gains Tax | 0% | 0% | match |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Barbados | 28.5% | Source: PWC Worldwide Tax Summaries — Barbados (Individual, Taxes on personal income) · as of 2026-01-11 |
| Belize | 25% | Source: Belize Income and Business Tax (Amendment) Act, 2024 (No. 40 of 2024) · as of 2025-01-01 |
| Difference | +3.5 pp | Barbados higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Barbados | 9% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Belize | 0% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | +9 pp | Barbados higher |
Between the two, Barbados's corporate tax rate (9%) tops Belize's (0%) by 9pp. The 201-country average is 22.6%: both sit below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Barbados | 17.5% | Source: PWC Worldwide Tax Summaries — Barbados (Corporate, Other taxes) · as of 2026-01-11 |
| Belize | 12.5% | Source: Belize Tax Service — General Sales Tax Act (Chapter 63, Revised Edition 2011) · as of 2011-12-31 |
| Difference | +5 pp | Barbados higher |
Between the two, Barbados's VAT rate (17.5%) tops Belize's (12.5%) by 5pp. The 181-country average is 15%: Barbados sits above it, Belize sits below it. Barbados's figure is dated 2026-01-11 and Belize's 2011-12-31, so the two rates come from different data vintages.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Barbados | 0% | Source: PWC Worldwide Tax Summaries — Barbados (Individual, Income determination) · as of 2026-01-11 |
| Belize | 0% | Source: Belize Income and Business Tax Act (Chapter 55, Revised Edition 2020) · as of 2020-12-31 |
| Difference | 0 pp | displayed rates match |
There's no gap here — Barbados and Belize both post a capital gains tax rate of 0%. The 175-country average is 10.3%: both sit below it. Barbados's figure is dated 2026-01-11 and Belize's 2020-12-31, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Barbados | 0% | Source: PWC Worldwide Tax Summaries — Barbados (Net wealth/worth tax rates) · as of 2026-01-11 |
| Belize | 0% | Source: Belize Income and Business Tax Act, Chapter 55 (Government of Belize, Attorney General's Ministry) · as of 2026-07-18 |
| Difference | 0 pp | displayed rates match |
There's no gap here — Barbados and Belize both post a wealth tax rate of 0%. The 193-country average is 0.1%: both sit below it.
Not covered for both countries yet: Crypto Tax.