BB · AmericasFM · Oceania
Barbados vs Micronesia: tax rates compared
Barbados's income tax rate is 18.5pp higher than Micronesia's (28.5% vs 10%). The 200-country average is 28%: Barbados sits above it, Micronesia sits below 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 | FM | Difference |
|---|---|---|---|
| Income Tax | 28.5% | 10% | BB +18.5 pp |
| Corporate Tax | 9% | 30% | FM +21 pplargest gap |
| Capital Gains Tax | 0% | 0% | match |
| Crypto 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 |
| Micronesia | 10% | Source: Code of the Federated States of Micronesia, Title 54 (Taxation and Customs), Section 121 · as of 2026-07-20 |
| Difference | +18.5 pp | Barbados higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Barbados | 9% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Micronesia | 30% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −21 pp | Micronesia higher |
Micronesia's corporate tax rate is 21pp higher than Barbados's (30% vs 9%). The 201-country average is 22.6%: Barbados sits below it, Micronesia sits above it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Barbados | 0% | Source: PWC Worldwide Tax Summaries — Barbados (Individual, Income determination) · as of 2026-01-11 |
| Micronesia | 0% | Source: Code of the Federated States of Micronesia, Title 54 — Taxation and Customs · as of 2026-07-19 |
| Difference | 0 pp | displayed rates match |
Barbados's capital gains tax rate is identical to Micronesia'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 |
| Micronesia | 0% | Source: Code of the Federated States of Micronesia, Title 54 · as of 2026-07-19 |
| Difference | 0 pp | displayed rates match |
Barbados's crypto tax rate is identical to Micronesia's — both sit at 0%. The 88-country average is 13%: 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 |
| Micronesia | 0% | Source: Federated States of Micronesia Code, Title 54 (Taxation and Customs), via fsmlaw.org · as of 2026-07-18 |
| Difference | 0 pp | displayed rates match |
Barbados's wealth tax rate is identical to Micronesia's — both sit at 0%. The 193-country average is 0.1%: both sit below it.
Not covered for both countries yet: VAT.