Barbados or Cyprus: which taxes less?

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

Lighter: Barbados, ahead by 1 FiScore point.

Tax Barbados Cyprus Gap
Corporate income tax headline rate 9% 15% −6.0 points
Personal income tax top bracket 12.5% to 28.5% 0% to 35% −6.5 points
VAT standard rate 17.5% 19% −1.5 points

Detailed schedules

Corporate income tax

Barbados

General regime since 2024 9%
Multinational groups revenue over 750 M€ 15%

Cyprus

General regime since 1 January 2026 15%
Eligible intellectual property income IP Box regime 2.5%
See the Barbados page See the Cyprus page