The Personal Income Tax Rate in Barbados stands at 28.50 percent. source: Ministry of Finance, Barbados

Personal Income Tax Rate in Barbados averaged 34.63 percent from 2006 until 2021, reaching an all time high of 40 percent in 2018 and a record low of 28.50 percent in 2020. This page provides - Barbados Personal Income Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Barbados Personal Income Tax Rate - values, historical data and charts - was last updated on June of 2022.

Personal Income Tax Rate in Barbados is expected to reach 40.00 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Barbados Personal Income Tax Rate is projected to trend around 40.00 percent in 2022, according to our econometric models.

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Barbados Personal Income Tax Rate



Related Last Previous Unit Reference
Personal Income Tax Rate 28.50 28.50 percent Dec 2021
Corporate Tax Rate 5.50 5.50 percent Dec 2021
Sales Tax Rate 17.50 17.50 percent Dec 2021

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
28.50 28.50 40.00 28.50 2006 - 2021 percent Yearly