The Corporate Tax Rate in Barbados stands at 5.50 percent.

Corporate Tax Rate in Barbados averaged 22.88 percent from 2005 until 2020, reaching an all time high of 30 percent in 2018 and a record low of 5.50 percent in 2019. This page provides - Barbados Corporate Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Barbados Corporate Tax Rate - values, historical data and charts - was last updated on October of 2020.

Corporate Tax Rate in Barbados is expected to reach 25.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Barbados Corporate Tax Rate is projected to trend around 25.00 percent in 2021 and 5.50 percent in 2022, according to our econometric models.

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Barbados Corporate Tax Rate

Actual Previous Highest Lowest Dates Unit Frequency
5.50 5.50 30.00 5.50 2005 - 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 Corporate Tax Rate
In Barbados, the Corporate Income tax rate is a tax collected from companies. Its amount is based on the net income companies obtain while exercising their business activity, normally during one business year. The benchmark we use refers to the highest rate for Corporate Income. Revenues from the Corporate Tax Rate are an important source of income for the government of Barbados.