Corporate Income Tax in Barbados

Corporate income tax for Barbados (tax year 2025) — rates, thresholds and rules with primary-source citations. Unverified; pending local-accountant review.

Barbados · tax year 2025 · changed 25 Jun 2026

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Key figures: Barbados, 2025

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General corporation tax rate

9%Income Tax Act, Cap. 73View source ↗

Approved small business rate

5.5%Small Business Development Act / Income Tax Act, Cap. 73View source ↗

International shipping companies

Tiered, 5.5% down to 1%Income Tax Act, Cap. 73View source ↗

Insurance companies (Class 1, 2, 3)

Tiered, 0% to 2% depending on classInsurance Act / Income Tax Act, Cap. 73View source ↗

Qualifying intellectual property income

4.5%Income Tax Act, Cap. 73View source ↗

Qualified Domestic Minimum Top-Up Tax (Pillar Two)

15% top-up tax on in-scope resident members of MNE groups with consolidated revenue of EUR 750 million or moreCorporation Top-up Tax Act, 2024-16View source ↗

Tax base

Resident companies taxed on worldwide income; non-resident companies on Barbados-source income onlyIncome Tax Act, Cap. 73View source ↗

WHT on dividends (resident recipients)

0% to companies; 15% to individualsIncome Tax Act, Cap. 73View source ↗

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Corporation tax rates and base

Barbados moved to a 9% general corporation tax rate from 1 January 2024, with reduced rates for approved small businesses, shipping, insurance and qualifying IP income. A 15% Qualified Domestic Minimum Top-Up Tax applies to large in-scope MNE groups.

General corporation tax rate — 9% % (Income Tax Act, Cap. 73)
Approved small business rate — 5.5% % (Small Business Development Act / Income Tax Act, Cap. 73)
International shipping companies — Tiered, 5.5% down to 1% % (Income Tax Act, Cap. 73)
Insurance companies (Class 1, 2, 3) — Tiered, 0% to 2% depending on class % (Insurance Act / Income Tax Act, Cap. 73)
Qualifying intellectual property income — 4.5% % (Income Tax Act, Cap. 73)
Qualified Domestic Minimum Top-Up Tax (Pillar Two) — 15% top-up tax on in-scope resident members of MNE groups with consolidated revenue of EUR 750 million or more % (Corporation Top-up Tax Act, 2024-16)
Tax base — Resident companies taxed on worldwide income; non-resident companies on Barbados-source income only (Income Tax Act, Cap. 73)
WHT on dividends (resident recipients) — 0% to companies; 15% to individuals % (Income Tax Act, Cap. 73)
WHT on dividends (non-resident recipients) — 0% / 5% (0% where paid out of non-Barbados-source income), before treaty relief ((confirm domestic non-treaty rate)) % (Income Tax Act, Cap. 73)
WHT on interest — 15% to resident individuals (0% for pensioners aged 60+); 0% domestic rate to non-residents before treaty % (Income Tax Act, Cap. 73)
WHT on royalties (non-residents) — 0% domestic rate before treaty relief ((confirm — historically royalties to non-residents carried a domestic WHT; verify current rate)) % (Income Tax Act, Cap. 73)
Corporate income tax prepayments — From income year 2025, all companies (except approved small businesses) prepay monthly 1/12 of the tax payable on taxable income of the income year before the preceding year, due by the 15th of each month (Income Tax Act, Cap. 73)
Corporation tax return deadline — Generally within 3-6 months of fiscal year end; BRA set 31 July 2025 for income year 2024 returns ((deadlines subject to BRA extension notices — confirm current year)) (Income Tax Act, Cap. 73)

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Corporation tax rates and base

General corporation tax rate — 9% % (Income Tax Act, Cap. 73)

Approved small business rate — 5.5% % (Small Business Development Act / Income Tax Act, Cap. 73)

International shipping companies — Tiered, 5.5% down to 1% % (Income Tax Act, Cap. 73)

Insurance companies (Class 1, 2, 3) — Tiered, 0% to 2% depending on class % (Insurance Act / Income Tax Act, Cap. 73)

Qualifying intellectual property income — 4.5% % (Income Tax Act, Cap. 73)

Qualified Domestic Minimum Top-Up Tax (Pillar Two) — 15% top-up tax on in-scope resident members of MNE groups with consolidated revenue of EUR 750 million or more % (Corporation Top-up Tax Act, 2024-16)

Tax base — Resident companies taxed on worldwide income; non-resident companies on Barbados-source income only (Income Tax Act, Cap. 73)

WHT on dividends (resident recipients) — 0% to companies; 15% to individuals % (Income Tax Act, Cap. 73)

WHT on dividends (non-resident recipients) — 0% / 5% (0% where paid out of non-Barbados-source income), before treaty relief ((confirm domestic non-treaty rate)) % (Income Tax Act, Cap. 73)

WHT on interest — 15% to resident individuals (0% for pensioners aged 60+); 0% domestic rate to non-residents before treaty % (Income Tax Act, Cap. 73)

WHT on royalties (non-residents) — 0% domestic rate before treaty relief ((confirm — historically royalties to non-residents carried a domestic WHT; verify current rate)) % (Income Tax Act, Cap. 73)

Corporate income tax prepayments — From income year 2025, all companies (except approved small businesses) prepay monthly 1/12 of the tax payable on taxable income of the income year before the preceding year, due by the 15th of each month (Income Tax Act, Cap. 73)

Corporation tax return deadline — Generally within 3-6 months of fiscal year end; BRA set 31 July 2025 for income year 2024 returns ((deadlines subject to BRA extension notices — confirm current year)) (Income Tax Act, Cap. 73)