Barbados
6.2/10
63rd of 217
Barbados or Trinidad and Tobago: which taxes less?
Both tax systems side by side, headline rates and the gap between them.
Lighter: Barbados, ahead by 0.7 FiScore point.
Trinidad and Tobago
5.5/10
85th of 217
| Tax | Barbados | Trinidad and Tobago | Gap |
|---|---|---|---|
| Corporate income tax headline rate | 9% | 25% | −16.0 points |
| Personal income tax top bracket | 12.5% to 28.5% | 0% to 25% | +3.5 points |
| VAT standard rate | 17.5% | 12.5% | +5.0 points |
Detailed schedules
Corporate income tax
Barbados
| General regime since 2024 | 9% |
| Multinational groups revenue over 750 M€ | 15% |
Trinidad and Tobago
| Profit up to 1 million TTD | 25% |
| Profit over 1 million TTD | 30% |
| Activity tax on revenue Due if exceeding profit tax | 0.6% |
- Barbados : taxsummaries.pwc.com
- Barbados : www2.deloitte.com
- Trinidad and Tobago : taxsummaries.pwc.com