Barbados
Barbados has a wide tax base and levies income tax at progressive rates of up to 35%. There is no capital gains tax or inheritance tax.
VAT is levied at 15% on most goods and services.
Corporation tax is charged at 25%, and there are exemptions and reliefs for income earned in foreign currencies. IBCs are permitted under Barbadian company law.
Barbados does not impose an Alien Landholder’s Licence, but there is a requirement for any non-resident to register purchases through the central bank to comply with exchange controls. Stamp duty is levied at 1% and there is also a 2½% property transfer tax.
Barbados is part of Caricom and also has a wide network of tax treaties and tax information exchange agreements.
