- Top income tax rate 28.5 27.5
- Brackets updated
- Special regimes updated
migrated from the production database; research reasoning not recorded.
Top income tax
27.5%
Worldwide system
Corporate tax
9.0%
VAT
17.5%
standard rate
Tax residency
182 days
29 tax treaties
Barbados tax profile
Data year: 2026
- Tax system
- Worldwide Barbados taxes residents on worldwide income. Non-residents are taxed on Barbados-source income only.
- Top PIT rate
- 27.5%
- Corporate tax rate
- 9.0%
- VAT
- 17.5%
- Capital gains tax
- No Capital Gains Tax
- Social security (employee)
- 11.0%
- Social security (employer)
- 12.8%
- Social security cap (annual)
- BBD 64,320
- Dividend withholding
- 15.0%
- Interest withholding
- 15.0%
- Royalty withholding
- 15.0%
- Treaty count
- 29
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 | 11.5% |
| BBD 50,000 | and above | 27.5% |
Special regimes (1)
| Name | Rate/amount | Duration | Status |
|---|---|---|---|
| Barbados Welcome Stamp 12-month remote-work visa; foreign-sourced employment or self-employment income... | USD 2,000 | 1yr | Active |
Tax flags
Nomad Tax Regime
Tax residency
- Days threshold
- 182 days
- Residency rules
- An individual is resident if present in Barbados for more than 182 days in the income (calendar) year, or if ordinarily resident in Barbados in that year.
- Exit tax
- No
- CFC rules
- No
- Nomad regime
- The Barbados Welcome Stamp allows eligible remote workers to live in Barbados for up to 12 months (renewable). Qualifying foreign-sourced employment or self-employment income is not liable to Barbados income tax during the stamp period; local VAT still applies on purchases in Barbados.
Filing information
- Fiscal year
- 01-01 – 12-31
- Filing deadline
- April 30
- Extension deadline
- June 30
Sources
- Barbados Revenue Authority — PIT rate reduction 2026 (accessed Oct 9, 2026) Income year 2026 PIT cuts under Budget 2026; policy note OGC 001/2026
- PwC Barbados Tax Summary (accessed Oct 9, 2026) PIT brackets (taxable income), CIT 9%, VAT 17.5%, WHT, residency, NIS rates and ceiling
- National Insurance Scheme — contribution rates (accessed Oct 9, 2026) Private-sector NIS 11% / 12.75%; 2026 insurable earnings ceiling BBD 5,360 monthly
- Barbados Welcome Stamp (accessed Oct 9, 2026) Remote-work visa; no Barbados income tax on qualifying foreign income; fees