The Personal Income Tax Rate in Barbados stands at 40 percent.

Personal Income Tax Rate in Barbados averaged 35.80 percent from 2006 until 2020, reaching an all time high of 40 percent in 2018 and a record low of 33.50 percent in 2016. 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 October of 2020.

Personal Income Tax Rate in Barbados is expected to reach 40.00 percent by the end of 2020, 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 2021, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Barbados Personal Income Tax Rate

Actual Previous Highest Lowest Dates Unit Frequency
40.00 40.00 40.00 33.50 2006 - 2020 percent Yearly

Barbados Taxes Last Previous Highest Lowest Unit
Personal Income Tax Rate 40.00 40.00 40.00 33.50 percent [+]
Corporate Tax Rate 5.50 5.50 30.00 5.50 percent [+]
Sales Tax Rate 17.50 17.50 17.50 15.00 percent [+]
Social Security Rate 23.85 23.85 23.85 21.35 percent [+]
Social Security Rate For Companies 12.75 12.75 12.75 11.25 percent [+]
Social Security Rate For Employees 11.10 11.10 11.10 10.10 percent [+]


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.