Barbados or Montenegro: which taxes less?

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

Lighter: Montenegro, ahead by 0.7 FiScore point.

Tax Barbados Montenegro Gap
Corporate income tax headline rate 9% 9% Same rate
Personal income tax top bracket 12.5% to 28.5% 0% to 15% +13.5 points
VAT standard rate 17.5% 21% −3.5 points

Detailed schedules

Corporate income tax

Barbados

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

Montenegro

Profit up to €100,000 9%
€100,000 to €1,500,000 €9,000 + 12% over €100,000 12%
Over €1,500,000 €177,000 + 15% over €1,500,000 15%
See the Barbados page See the Montenegro page