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Barbados vs Grenada: tax rates compared
Grenada's income tax rate is 1.5pp higher than Barbados's (30% vs 28.5%). The 200-country average is 28%: both sit above it.
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 | GD | Difference |
|---|---|---|---|
| Income Tax | 28.5% | 30% | GD +1.5 pp |
| Corporate Tax | 9% | 28% | GD +19 pplargest gap |
| VAT | 17.5% | 15% | BB +2.5 pp |
| Capital Gains Tax | 0% | 0% | match |
| Crypto 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 |
| Grenada | 30% | Source: Grenada Ministry of Finance — All you need to know about Personal Income Tax · as of 2026-07-20 |
| Difference | −1.5 pp | Grenada higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Barbados | 9% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Grenada | 28% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −19 pp | Grenada higher |
Grenada's corporate tax rate is 19pp higher than Barbados's (28% vs 9%). The 201-country average is 22.6%: Barbados sits below it, Grenada sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Barbados | 17.5% | Source: PWC Worldwide Tax Summaries — Barbados (Corporate, Other taxes) · as of 2026-01-11 |
| Grenada | 15% | Source: Grenada Ministry of Finance — VAT and the Consumer · as of 2010-02-01 |
| Difference | +2.5 pp | Barbados higher |
Barbados's VAT rate is 2.5pp higher than Grenada's (17.5% vs 15%). The 181-country average is 15%: Barbados sits above it, Grenada matches the world average. Barbados's figure is dated 2026-01-11 and Grenada's 2010-02-01, 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 |
| Grenada | 0% | Source: Grenada Inland Revenue Division — Income Tax · as of 2026-07-19 |
| Difference | 0 pp | displayed rates match |
Barbados's capital gains tax rate is identical to Grenada's — both sit at 0%. The 175-country average is 10.3%: both sit below it.
Crypto Tax
| Country | Rate | Source |
|---|---|---|
| Barbados | 0% | Source: PwC Worldwide Tax Summaries — Barbados (Individual, Income determination) · as of 2026-01-11 |
| Grenada | 0% | Source: Grenada Inland Revenue Division — Income Tax · as of 2026-07-19 |
| Difference | 0 pp | displayed rates match |
Barbados's crypto tax rate is identical to Grenada's — both sit at 0%. The 88-country average is 13%: both sit below it.
Not covered for both countries yet: Wealth Tax.