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Barbados vs Cayman Islands: tax rates compared

Barbados has an income tax rate of 28.5%, 28.5pp above Cayman Islands's 0%. The 200-country average is 28%: Barbados sits above it, Cayman Islands sits below it.

Verified data covers six of the six tracked tax types for both countries; every rate below is cited to its source and dated.

At a glance

0102030405060Income0%28.5%Corporate0%9%VAT0%17.5%Capital Gains0%Crypto0%Wealth Tax0%
six shared taxes, side by side
Tax BB KYDifference
Income Tax28.5%0%BB +28.5 pplargest gap
Corporate Tax9%0%BB +9 pp
VAT17.5%0%BB +17.5 pp
Capital Gains Tax0%0%match
Crypto Tax0%0%match
Wealth Tax0%0%match

Income Tax

Income Tax, side by side
CountryRateSource
Barbados28.5%Source: PWC Worldwide Tax Summaries — Barbados (Individual, Taxes on personal income) · as of 2026-01-11
Cayman Islands0%Source: PWC Worldwide Tax Summaries — Cayman Islands (Individual, Taxes on personal income) · as of 2026-05-29
Difference+28.5 ppBarbados higher

Corporate Tax

Corporate Tax, side by side
CountryRateSource
Barbados9%Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01
Cayman Islands0%Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01
Difference+9 ppBarbados higher

Barbados has a corporate tax rate of 9%, 9pp above Cayman Islands's 0%. The 201-country average is 22.6%: both sit below it.

VAT

VAT, side by side
CountryRateSource
Barbados17.5%Source: PWC Worldwide Tax Summaries — Barbados (Corporate, Other taxes) · as of 2026-01-11
Cayman Islands0%Source: PWC Worldwide Tax Summaries — Cayman Islands (Corporate, Other taxes) · as of 2026-05-29
Difference+17.5 ppBarbados higher

Barbados has a VAT rate of 17.5%, 17.5pp above Cayman Islands's 0%. The 181-country average is 15%: Barbados sits above it, Cayman Islands sits below it.

Capital Gains Tax

Capital Gains Tax, side by side
CountryRateSource
Barbados0%Source: PWC Worldwide Tax Summaries — Barbados (Individual, Income determination) · as of 2026-01-11
Cayman Islands0%Source: PWC Worldwide Tax Summaries — Cayman Islands (Individual, Taxes on personal income) · as of 2026-05-29
Difference0 ppdisplayed rates match

Barbados and Cayman Islands share the same capital gains tax rate: 0%. The 175-country average is 10.3%: both sit below it.

Crypto Tax

Crypto Tax, side by side
CountryRateSource
Barbados0%Source: PwC Worldwide Tax Summaries — Barbados (Individual, Income determination) · as of 2026-01-11
Cayman Islands0%Source: PWC Worldwide Tax Summaries — Cayman Islands (Individual, Taxes on personal income) · as of 2026-05-29
Difference0 ppdisplayed rates match

Barbados and Cayman Islands share the same crypto tax rate: 0%. The 88-country average is 13%: both sit below it.

Wealth Tax

Wealth Tax, side by side
CountryRateSource
Barbados0%Source: PWC Worldwide Tax Summaries — Barbados (Net wealth/worth tax rates) · as of 2026-01-11
Cayman Islands0%Source: PWC Worldwide Tax Summaries — Cayman Islands (Individual, Other taxes) · as of 2026-05-29
Difference0 ppdisplayed rates match

Barbados and Cayman Islands share the same wealth tax rate: 0%. The 193-country average is 0.1%: both sit below it.