Americas · BBD
Barbados
Reviewed 2026-06-21
Top income tax
28.5%
Self-employed SS
Yes
VAT
17.5%
Capital gains
0%
Exit tax
No
Nomad visa
Yes
65
/ 100
Tax efficiency52
Ease to enter71
Ease to exit93
Cost of living50
Internet15
English100
Barbados taxes residents on worldwide income with a two-band progressive system of 12.5% and 28.5%, but it imposes no capital gains tax, no wealth tax, and no inheritance or gift tax. The corporate rate is a low 9%, and self-employed people pay mandatory national insurance at 17% of earnings. The Welcome Stamp remote-work visa lets solopreneurs live there for a renewable 12 months if they earn at least USD 50,000 a year.
Personal income tax
Income tax structureProgressive
Top income tax rate28.5%
Entry income tax rate12.5%
Top rate threshold$25,000
Taxation basisWorldwide
Local/state income taxNo
Social security
Self-employed social securityYes
Employee SS rate11%
Employer SS rate12.75%
Indirect & other taxes
VAT standard rate17.5%
Capital gains rate0%
Long-hold CGT exemptionNo
Wealth taxNo
Inheritance/gift taxNo
Property taxNo
Exit & residency
Exit taxNo
EU/EEA deferralNo
Days to trigger residency183 days
Corporate
Corporate income tax rate9%
WHT on dividends15%
CFC rulesNo
Incentives & special regimes
Special expat regimeNo
Immigration & setup
Digital nomad visaYes
DNV monthly income requirement$4,167
Entrepreneur visaNo
Ease of setup3 / 5
Lifestyle
Internet speed72 Mbps
English proficiencyHigh
Civil liberties95
Sources
- PwC Worldwide Tax Summaries — Barbados Individual Taxes on personal income
- PwC Worldwide Tax Summaries — Barbados Individual Other taxes (social security, VAT)
- PwC Worldwide Tax Summaries — Barbados Corporate Taxes on corporate income
- PwC Worldwide Tax Summaries — Barbados Individual Residence
- Government of Barbados (Visit Barbados) — Barbados Welcome Stamp
Informational only. Nothing here is tax, legal, or financial advice. Tax rules change often and vary by personal circumstance. Verify every figure against an official source and a qualified adviser before acting. Figures are re-expressed from public sources and cited per country.