Barbados 
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- 287.0k people live here
- Area: 443km²
Tax information in Barbados
Standard Corporate Tax Rate
5.50 - 1.00%
Corporate tax rates are structured based on profits: 5.5% on profits not over BBD$ 1 million, 3.0% over BBD$1 million but not over BBD$20 million, 2.5% over BBD$20 million but not over BBD$30 million, and 1.0% over BBD$30 million.
Individual Income Tax Rate
25.00 - 38.00%
Standard VAT Rate
17.50% (7.5%)
Standard VAT is 17.5%, with a reduced rate of 7.5% for hotel services.
Cost of living in Barbados
Cost of Living (Couple)
$2130.77
Approximate cost for a couple including groceries, rent, transportation and lifestyle costs
Cost of Living (Family)
$4123.18
Approximate cost for a family including groceries, rent, transportation, lifestyle costs and parenting fee for one child
Cost of Living (1 Person)
$1408.70
Approximate cost for a single person including groceries, rent, transportation and lifestyle costs
Popular cities in Barbados
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