Top income tax
28.5%
Worldwide system
Corporate tax
9.0%
VAT
17.5%
standard rate
Tax residency
182 days
33 tax treaties
Barbados tax profile
Data year: 2025
- Tax system
- Worldwide Barbados taxes residents on worldwide income. Non-residents taxed on Barbados-source income only.
- Top PIT rate
- 28.5%
- Corporate tax rate
- 9.0%
- VAT
- 17.5%
- Capital gains tax
- No Capital Gains Tax
- Social security (employee)
- 11.1%
- Social security (employer)
- 11.1%
- Dividend withholding
- 15.0%
- Interest withholding
- 15.0%
- Royalty withholding
- 15.0%
- Treaty count
- 33
Income tax brackets
Corporate
| Bracket min | Bracket max | Rate |
|---|---|---|
| BBD 0 | and above | 9.0% |
Personal income
| Bracket min | Bracket max | Rate |
|---|---|---|
| BBD 0 | BBD 50,000 | 12.5% |
| BBD 50,000 | and above | 28.5% |
Special regimes (1)
| Name | Rate/amount | Duration | Status |
|---|---|---|---|
| Barbados Welcome Stamp Digital nomad visa allowing remote workers to live in Barbados for up to 12 mont... | USD 2,000 | 1yr | Active |
Tax flags
Nomad Tax Regime
Tax residency
- Days threshold
- 182 days
- Residency rules
- Resident if present for 182+ days in a calendar year, or if domiciled in Barbados.
- Exit tax
- No
- CFC rules
- No
- Nomad regime
- Barbados Welcome Stamp allows remote workers to live in Barbados for up to 12 months. No Barbados income tax on foreign-sourced income during this period.
Filing information
- Fiscal year
- 01-01 – 12-31
- Filing deadline
- April 30
- Extension deadline
- June 30
Sources
- PwC Barbados (accessed Mar 23, 2026) PIT 12.5/28.5%, CIT 9%