Barbados or Falkland Islands: which taxes less?

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

Level pegging: Barbados and Falkland Islands weigh about the same on the taxpayer.

Tax Barbados Falkland Islands Gap
Corporate income tax headline rate 9% 26% −17.0 points
Personal income tax top bracket 12.5% to 28.5% 21% to 26% +2.5 points
VAT standard rate 17.5% 0% +17.5 points

Detailed schedules

Corporate income tax

Barbados

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

Falkland Islands

Profit up to 500,000 GBP Threshold shared among related companies 21%
Profit over 500,000 GBP 26%
Oil activities Exploration and production, regardless of profit 26%

Personal income tax

Barbados

n/a

Falkland Islands

First 18,000 taxable GBP After personal allowance of 16,860 GBP 21%
Over 18,000 GBP 26%
See the Barbados page See the Falkland Islands page