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Americas

Barbados

Currency

BBD

Corporate Tax

9%

Personal Income Tax

28.5%

VAT / GST

17.5%

Corporate Income Tax

Headline rate9%

Standard 9% (reduced); 5.5% for international business; 1% small.

Personal Income Tax

Top marginal rate28.5%

Top rate 28.5% above BBD 50,000; 12.5-28.5% scale.

Value Added Tax / GST

Standard rate17.5%

Standard 17.5%; 0% exports.

Withholding Taxes

Dividends

12.5%

Interest

12.5%

Royalties

15%

Rates shown are statutory; treaty networks may reduce withholding significantly. Verify against the relevant double-tax agreement.

Social Security Contributions

NIS ~22% total (employer 11.25% + employee 11.25%, capped).

Wealth & Capital Taxes

Capital Gains Tax

0% exempt shares; 20% on property gains

Inheritance / Estate Tax

0% (abolished 1980)

Capital (Net Worth) Tax

0%

Property Tax

Land tax ~0.1–1%

Rates are indicative headline figures and may omit holding-period exemptions, regional variation, and surcharges. Verify against current law before relying on them.

Filing Deadlines

Corporate returnWithin 3 months after year-end; quarterly instalments
Personal / PAYEWithheld monthly; annual return by 15 April following year
VAT / GSTMonthly, by 21st of following month

Tax Year

Calendar year

Notes

Society with Approved Tax Structure (SATS) regime. Tourism and insurance sectors incentivised.