The Personal Income Tax Rate in Barbados stands at 27.50 percent. Personal Income Tax Rate in Barbados averaged 33.12 percent from 2006 until 2026, reaching an all time high of 40.00 percent in 2018 and a record low of 27.50 percent in 2026. source: Ministry of Finance, Barbados



Related Last Previous Unit Reference
Corporate Tax Rate 5.50 5.50 percent Dec 2026
Personal Income Tax Rate 27.50 28.50 percent Dec 2026
Sales Tax Rate 17.50 17.50 percent Dec 2026
Social Security Rate 23.75 23.85 percent Dec 2026
Social Security Rate For Companies 12.75 12.75 percent Dec 2026
Social Security Rate For Employees 11.00 11.10 percent Dec 2026
Withholding Tax Rate 0.00 0.00 percent Dec 2026


Barbados Personal Income Tax Rate
In Barbados, the Personal Income Tax Rate is a tax collected from individuals and is imposed on different sources of income like labour, pensions, interest and dividends. The benchmark we use refers to the Top Marginal Tax Rate for individuals. Revenues from the Personal Income Tax Rate are an important source of income for the government of Barbados.
Actual Previous Highest Lowest Dates Unit Frequency
27.50 28.50 40.00 27.50 2006 - 2026 percent Yearly