Barbados income tax

Barbados tax calculator

Enter your income to estimate what you would pay in Barbados, as an employee or running your own company, and see the best-value cities. Get the full breakdown plus a vetted advisor by email.

How much is income tax in Barbados?

Barbados taxes personal income at rates up to 28.5%. Resident non domiciled individuals are taxed on foreign income only when they remit it to Barbados.

Compiled by MyNomadWorld for Barbados and currently being re-verified against primary sources. Confirm with a local adviser before relying on it.

Barbados digital nomad visa

Barbados Welcome Stamp (Remote Employment Act 2020)

• Income requirement: Expected income >= US$50,000 over 12 months (or means to support self/family). Fees: US$2,000 individual / US$3,000 family
• Initial length: 12 months · renewable
• Max stay: 12 months, renewable by re-applying
• Tax on nomad income: Welcome Stamp holders are exempt from Barbados income tax on the remote income (not treated as ordinarily resident)
• Family / dependents: Yes

Official source: Barbados Welcome Stamp (Remote Employment Act 2020) · as of 2026

Capital gains, wealth & property tax

• Capital gains: No capital gains tax (0%)
• Wealth tax: There is no wealth tax

Inheritance & gift tax in Barbados

Barbados has no estate or inheritance tax Not applicable, there is no inheritance tax

Corporate tax & VAT

The standard corporate profits tax is 9%.

How to become 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.

Banking in Barbados

You will want a local or multi-currency account for rent, bills and getting paid. See our guide to the best banks in Barbados.

Barbados tax treaties

Barbados maintains around 40 double taxation treaties in force. They generally follow the OECD Model Convention and reduce withholding tax on cross-border dividends, interest and royalties, so the same income is not taxed twice when you move, invest or earn across borders. That is a broad network, useful for internationally mobile earners and investors.

Major treaty partners

Chips with a link open the full withholding-tax detail for that treaty pair.

Approximate size of the DTA network; confirm the specific treaty and its terms before relying on it.

Barbados tax treaty guides

Detailed double-tax-treaty guides (withholding rates on dividends, interest and royalties) are available for 8 of Barbados's partners:

Botswana · China · Guyana · Mauritius · Mexico · Seychelles · Trinidad and Tobago · Venezuela