The Social Security Rate For Employees in Barbados stands at 11.10 percent. Social Security Rate For Employees in Barbados averaged 10.19 percent from 2009 until 2019, reaching an all time high of 11.10 percent in 2019 and a record low of 10.10 percent in 2010.

Social Security Rate For Employees in Barbados is expected to be 10.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Barbados Social Security Rate For Companies is projected to trend around 10.10 percent in 2020, according to our econometric models.

Barbados Social Security Rate For Companies
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Barbados Taxes Last Previous Highest Lowest Unit
Personal Income Tax Rate 33.50 33.50 35.00 33.50 percent [+]
Corporate Tax Rate 25.00 25.00 25.00 25.00 percent [+]
Sales Tax Rate 17.50 17.50 17.50 15.00 percent [+]
Social Security Rate 23.85 21.35 23.85 21.35 percent [+]
Social Security Rate For Companies 12.75 11.25 12.75 11.25 percent [+]
Social Security Rate For Employees 11.10 10.10 11.10 10.10 percent [+]


Barbados Social Security Rate For Companies

In Barbados, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of Barbados because they help to pay for many social programs including welfare, health care and many other benefits. This page provides the latest reported value for - Barbados Social Security Rate For Companies - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Barbados Social Security Rate For Companies - actual data, historical chart and calendar of releases - was last updated on October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
11.10 10.10 11.10 10.10 2009 - 2019 percent Yearly




Country Last Previous
Netherlands 27.65 Dec/19
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Russia 0.00 Dec/19


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