Barbados or Portugal: which taxes less?

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

Lighter: Barbados, ahead by 2.5 FiScore points.

Tax Barbados Portugal Gap
Corporate income tax headline rate 9% 19% −10.0 points
Personal income tax top bracket 12.5% to 28.5% 14.5% to 48% −19.5 points
VAT standard rate 17.5% 23% −5.5 points

Detailed schedules

Corporate income tax

Barbados

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

Portugal

General regime 18% in 2027, 17% in 2028 19%
SMEs: first €50,000 of profit 15%
See the Barbados page See the Portugal page