Barbados Income Tax Calculator 2026
IIT 0%/33.5%/40% progressive brackets, personal allowance BBD 50,000.
Barbados Tax System
Personal income tax in Barbados is progressive. A personal allowance of BBD 50,000 applies to all individuals. Employment income above the allowance is taxed at 33.5%. Non-employment income (business, rental, investment) above the allowance is taxed at 40%.
2026 Rates: 0% up to BBD 50,000, 33.5% on employment income above, 40% on non-employment income above.
Barbados Income Tax Calculator 2026
IIT 0%/33.5%/40% progressive brackets, personal allowance BBD 50,000.
Personal allowance: BBD 50,000/year
Annual Income$80,000
IIT (33.5%)$10,05012.6% effective
Net Income After Tax$69,950