Barbados: Income and profits taxes

The latest value from 2016 is 29.98 percent, an increase from 29.66 percent in 2015. In comparison, the world average is 26.45 percent, based on data from 137 countries. Historically, the average for Barbados from 2003 to 2016 is 31.82 percent. The minimum value, 27.63 percent, was reached in 2013 while the maximum of 36.96 percent was recorded in 2007. See the global rankings for that indicator or use the country comparator to compare trends over time.

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.