The Personal Income Tax Rate in Barbados stands at 28.50 percent. source: Ministry of Finance, Barbados

Personal Income Tax Rate in Barbados averaged 33.94 percent from 2006 until 2023, reaching an all time high of 40.00 percent in 2018 and a record low of 28.50 percent in 2020. 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 June of 2023.

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Barbados Personal Income Tax Rate



Related Last Previous Unit Reference
Personal Income Tax Rate 28.50 28.50 percent Dec 2023
Corporate Tax Rate 5.50 5.50 percent Dec 2022
Sales Tax Rate 17.50 17.50 percent Dec 2023

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.
Actual Previous Highest Lowest Dates Unit Frequency
28.50 28.50 40.00 28.50 2006 - 2023 percent Yearly