Barbados: Income and profits taxes

* indicates monthly or quarterly data series

Income, profits, and capital gains taxes: percent of revenue

 Latest value 29.98
 Year 2016
 Measure percent
 Data availability 2003 - 2016
 Average 31.82
 Min - Max 27.63 - 36.96
 Source The World Bank
For that indicator, we provide data for Barbados from 2003 to 2016. The average value for Barbados during that period was 31.82 percent with a minimum of 27.63 percent in 2013 and a maximum of 36.96 percent in 2007. The latest value from 2016 is 29.98 percent. For comparison, the world average in 2016 based on 131 countries is 24.07 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
Barbados - Income and profits taxes - Recent values chart

Historical chart
Barbados - Income and profits taxes - historical chart - 2003-2016

Definition: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.

 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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