For those considering moving to Barbados
There are often a number of factors to consider when contemplating a new domicile. Taxes may be one of them. We can provide you with an overview of the most basic personal taxation rules in Barbados.
28,5
Marginal tax rate
182
Tax immigration rule
0
Wealth tax
Overview of personal taxation in Barbados – updated per 2025
What is required to establish tax residency in Barbados?
Individuals who stay in Barbados for more than 182 days during a tax year are considered to have moved there and to be tax residents.
Which types of income are taxable in Barbados?
Tax residents are taxed on their worldwide income in Barbados, while non-resident taxpayers are taxed only on income sourced in Barbados.
What tax rates apply in Barbados?
Barbados has a progressive tax system, with rates ranging from 12,5% to 28,5%.
Does Barbados grant tax credit for foreign taxes?
Barbados grants a tax credit for taxes paid abroad, limited to an amount equivalent to 1% tax on the same income in Barbados.
Is there wealth tax in Barbados?
Barbados does not levy wealth tax.
What is the tax year in Barbados?
The tax year corresponds with the calendar year in Barbados.
When must the tax return be filed in Barbados?
The individual tax return in Barbados must be filed by 30 April of the year following the tax year.
What is the name of the tax authority in Barbados?
The name of the tax authority in Barbados is Barbados Revenue Authority.
How many countries does Barbados have tax treaties with?
Barbados has tax treaties with approximately 40 countries. Norway is not among them.
Is there property tax in Barbados?
Barbados has property tax, with rates ranging from 0.1% to 1%.
Contact
Atle Melø
Partner
amelo@melo.no
+47 951 80 979