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.