Azores or Barbados: which taxes less?

Both tax systems side by side, headline rates and the gap between them.

Lighter: Barbados, ahead by 0.9 FiScore point.

Tax Azores Barbados Gap
Corporate income tax headline rate 14% 9% +5.0 points
Personal income tax top bracket 0% to 36.2% 12.5% to 28.5% +7.7 points
VAT standard rate 18% 17.5% +0.5 points

Detailed schedules

Corporate income tax

Azores

General regional regime 14%
SMEs: first 50,000 euros of profit 11.9%

Barbados

General regime since 2024 9%
Multinational groups revenue over 750 M€ 15%
See the Azores page See the Barbados page