BB · Americas · BBD
Barbados
Tax rates
Income Tax
28.5%
Top rate, progressive scale
Source: PWC Worldwide Tax Summaries — Barbados (Individual, Taxes on personal income) · as of 2026-01-11Corporate Tax
9%
Statutory rate
Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01VAT
17.5%
Standard rate
Source: PWC Worldwide Tax Summaries — Barbados (Corporate, Other taxes) · as of 2026-01-11Capital Gains Tax
0%
Source: PWC Worldwide Tax Summaries — Barbados (Individual, Income determination) · as of 2026-01-11Crypto Tax
0%
Source: PwC Worldwide Tax Summaries — Barbados (Individual, Income determination) · as of 2026-01-11Wealth Tax
0%
Not levied
Source: PWC Worldwide Tax Summaries — Barbados (Net wealth/worth tax rates) · as of 2026-01-11
Estimate your income tax
Enter a gross annual salary to estimate 2020 national income tax for Barbados using verified brackets — total tax, effective and marginal rate, net income, and the per-band breakdown. National income tax only; social contributions and sub-national taxes are excluded unless the notes say otherwise. The full calculator covers every country with verified rates.
The calculator needs JavaScript — every figure stays readable without it. The full bracket schedule is under Brackets & notes below, and the calculator page lists every country's schedule.
Brackets, notes & in practice
Income Tax
| Threshold | Rate |
|---|---|
| BBD 0 | 12.5% |
| BBD 50,000 | 28.5% |
Schedule effective 1 January 2020, stated in annual Barbados dollars (BBD).
Effective 1 January 2020, Barbados taxes individual income at a basic rate of 12.5% on the first BBD 50,000 of taxable income and a higher rate of 28.5% — the top statutory rate — above that threshold.
VAT
In practice
- Filing
VAT registration is mandatory once a person's annual turnover reaches BBD 200,000, with voluntary registration available below that threshold.
Source: PWC Worldwide Tax Summaries — Barbados (Corporate, Other taxes) · as of 2026-01-11- Exemptions
Barbados exempts financial services, real estate, medical services and education from VAT, while zero-rating a defined list of supplies including exports, basic food items, prescription drugs and crude oil.
Source: PWC Worldwide Tax Summaries — Barbados (Corporate, Other taxes) · as of 2026-01-11
Capital Gains Tax
Barbados does not impose a capital gains tax.
Crypto Tax
Barbados does not impose capital gains tax, a blanket rule that extends to individuals' gains from disposing of cryptocurrency.
Wealth Tax
No net wealth/worth tax levied in Barbados.