Barbados: Commercial tax rate

* indicates monthly or quarterly data series

Tax rate, percent of commercial profits

 Latest value 35.6
 Year 2019
 Measure percent
 Data availability 2011 - 2019
 Average 34.94
 Min - Max 34.6 - 35.6
 Source The World Bank (doing business survey)
For that indicator, we provide data for Barbados from 2011 to 2019. The average value for Barbados during that period was 34.94 percent with a minimum of 34.6 percent in 2013 and a maximum of 35.6 percent in 2019. The latest value from 2019 is 35.6 percent. For comparison, the world average in 2019 based on 184 countries is 40.53 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series

Recent values chart
Barbados - Commercial tax rate - recent values

Historical chart
Barbados - Commercial tax rate - historical chart - 2011-2019

Definition: Total tax rate measures the amount of taxes and mandatory contributions payable by businesses after accounting for allowable deductions and exemptions as a share of commercial profits. Taxes withheld (such as personal income tax) or collected and remitted to tax authorities (such as value added taxes, sales taxes or goods and service taxes) are excluded.

 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 12.02 2022 percent
 Government spending, in dollars 0.69 2022 billion U.S. dollars
 Fiscal balance, percent of GDP -2.00 2022 percent
 Government debt 115.50 2023 percent
 Tax revenue 27.42 2016 percent
 Commercial tax rate 35.60 2019 percent
 Tax preparation time 241 2019 hours
 Number of taxes 28 2019 taxes
 Taxes on goods and services 45.88 2016 percent
 Taxes on international trade 8.57 2016 percent
 Income and profits taxes 29.98 2016 percent
 Foreign aid 15.58 2010 million U.S. dollars
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