BB · AmericasCY · Europe

Barbados vs Cyprus: tax rates compared

Cyprus has an income tax rate of 35%, 6.5pp above Barbados's 28.5%. The 200-country average is 28%: both sit above 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

six shared taxes, side by side
Tax	BB	CY	Difference
Income Tax	28.5%	35%	CY +6.5 pp
Corporate Tax	9%	12.5%	CY +3.5 pp
VAT	17.5%	19%	CY +1.5 pp
Capital Gains Tax	0%	0%	match
Crypto Tax	0%	8%	CY +8 pplargest gap
Wealth Tax	0%	0%	match

Income Tax, side by side
Country	Rate	Source
Barbados	28.5%	Source: PWC Worldwide Tax Summaries — Barbados (Individual, Taxes on personal income) · as of 2026-01-11
Cyprus	35%	Source: PWC Worldwide Tax Summaries — Cyprus (Individual, Taxes on personal income) · as of 2026-05-18
Difference	−6.5 pp	Cyprus higher

Corporate Tax, side by side
Country	Rate	Source
Barbados	9%	Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01
Cyprus	12.5%	Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01
Difference	−3.5 pp	Cyprus higher

Cyprus has a corporate tax rate of 12.5%, 3.5pp above Barbados's 9%. The 201-country average is 22.6%: both sit below it.

VAT, side by side
Country	Rate	Source
Barbados	17.5%	Source: PWC Worldwide Tax Summaries — Barbados (Corporate, Other taxes) · as of 2026-01-11
Cyprus	19%	Source: PWC Worldwide Tax Summaries — Cyprus (Corporate, Other taxes) · as of 2026-05-18
Difference	−1.5 pp	Cyprus higher

Cyprus has a VAT rate of 19%, 1.5pp above Barbados's 17.5%. The 181-country average is 15%: both sit above it.

Capital Gains Tax, side by side
Country	Rate	Source
Barbados	0%	Source: PWC Worldwide Tax Summaries — Barbados (Individual, Income determination) · as of 2026-01-11
Cyprus	0%	Source: PWC Worldwide Tax Summaries — Cyprus (Individual, Income determination) · as of 2026-05-18
Difference	0 pp	displayed rates match

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

Crypto Tax, side by side
Country	Rate	Source
Barbados	0%	Source: PwC Worldwide Tax Summaries — Barbados (Individual, Income determination) · as of 2026-01-11
Cyprus	8%	Source: PWC Worldwide Tax Summaries — Cyprus (Individual, Income determination) · as of 2026-05-18
Difference	−8 pp	Cyprus higher

Cyprus has a crypto tax rate of 8%, 8pp above Barbados's 0%. The 88-country average is 13%: both sit below it.

Wealth Tax, side by side
Country	Rate	Source
Barbados	0%	Source: PWC Worldwide Tax Summaries — Barbados (Net wealth/worth tax rates) · as of 2026-01-11
Cyprus	0%	Source: PWC Worldwide Tax Summaries — Net wealth/worth tax rates (quick chart) · as of 2026-05-18
Difference	0 pp	displayed rates match

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