The Sales Tax Rate in Barbados stands at 17.50 percent.

Sales Tax Rate in Barbados averaged 16.61 percent from 2006 until 2019, reaching an all time high of 17.50 percent in 2011 and a record low of 15 percent in 2007. This page provides - Barbados Sales Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Barbados Sales Tax Rate - VAT - values, historical data and charts - was last updated on September of 2020.

Sales Tax Rate in Barbados is expected to reach 17.50 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Barbados Sales Tax Rate - VAT is projected to trend around 17.50 percent in 2021, according to our econometric models.

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Barbados Sales Tax Rate - VAT

Actual Previous Highest Lowest Dates Unit Frequency
17.50 17.50 17.50 15.00 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 Sales Tax Rate - VAT
In Barbados, the sales tax rate is a tax charged to consumers based on the purchase price of certain goods and services. The benchmark we use for the sales tax rate refers to the standard rate. Revenues from the Sales Tax Rate are an important source of income for the government of Barbados.