Country tax profile · 2026
Barbados corporate tax
How Barbados taxes corporate
The standard corporate profits tax in Barbados is 9%. General rate 9%; approved small businesses 5.5%; qualifying IP 4.5%; a 15% top up tax (Pillar Two) for multinational groups with revenue of EUR 750M or more from 1 January 2024.
Compiled by MyNomadWorld for Barbados and currently being re-verified against primary sources. Confirm with a local adviser before relying on it.
How Barbados's corporate tax compares
Barbados's corporate tax of 9% is the 165th highest of the 180 countries we track, against a global average of 21.2% and a North America average of 20.6%.
Countries with a similar corporate tax
United Arab Emirates (9%) · Hungary (9%) · Turkmenistan (8%) · Andorra (10%) · Bulgaria (10%) · Paraguay (10%)
Who is a tax resident of Barbados?
Present in Barbados more than 182 days in the tax year, or ordinarily resident. Someone resident but not domiciled is taxed on foreign income on the remittance basis.
Related Barbados taxes
Moving to Barbados?
Get matched with a vetted Barbados tax & immigration advisor who handles residency and the exit from your current country.
See advisors →Barbados corporate tax FAQ
What is the corporate tax rate in Barbados?
The standard corporate profits tax in Barbados is 9%. General rate 9%; approved small businesses 5.5%; qualifying IP 4.5%; a 15% top up tax (Pillar Two) for multinational groups with revenue of EUR 750M or more from 1 January 2024.