BB · AmericasMX · Americas
Barbados vs Mexico: tax rates compared
Between the two, Mexico's income tax rate (35%) tops Barbados's (28.5%) by 6.5pp. The 200-country average is 28%: both sit above it. Barbados's figure is dated 2026-01-11 and Mexico'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 | MX | Difference |
|---|---|---|---|
| Income Tax | 28.5% | 35% | MX +6.5 pp |
| Corporate Tax | 9% | 30% | MX +21 pplargest gap |
| VAT | 17.5% | 16% | BB +1.5 pp |
| Capital Gains Tax | 0% | 10% | MX +10 pp |
| 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 |
| Mexico | 35% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Difference | −6.5 pp | Mexico higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Barbados | 9% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Mexico | 30% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −21 pp | Mexico higher |
Between the two, Mexico's corporate tax rate (30%) tops Barbados's (9%) by 21pp. The 201-country average is 22.6%: Barbados sits below it, Mexico sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Barbados | 17.5% | Source: PWC Worldwide Tax Summaries — Barbados (Corporate, Other taxes) · as of 2026-01-11 |
| Mexico | 16% | Source: PWC Worldwide Tax Summaries — Mexico (Corporate, Other taxes) · as of 2026-02-24 |
| Difference | +1.5 pp | Barbados higher |
Between the two, Barbados's VAT rate (17.5%) tops Mexico's (16%) by 1.5pp. The 181-country average is 15%: both sit above it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Barbados | 0% | Source: PWC Worldwide Tax Summaries — Barbados (Individual, Income determination) · as of 2026-01-11 |
| Mexico | 10% | Source: PwC Worldwide Tax Summaries — Mexico (Individual, Income determination) · as of 2026-01-30 |
| Difference | −10 pp | Mexico higher |
Between the two, Mexico's capital gains tax rate (10%) tops Barbados's (0%) by 10pp. The 175-country average is 10.3%: both sit below it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Barbados | 0% | Source: PWC Worldwide Tax Summaries — Barbados (Net wealth/worth tax rates) · as of 2026-01-11 |
| Mexico | 0% | Source: PWC Worldwide Tax Summaries — Net wealth/worth tax rates (quick chart) · as of 2026-02-24 |
| Difference | 0 pp | displayed rates match |
There's no gap here — Barbados and Mexico 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.