Corporate income tax (CIT) - statutory and targeted small business in Barbados
Barbados: Corporate income tax (CIT) - statutory and targeted small business was 9 Percentage of taxable income in 2026. ▼ Falling
Latest (2026)
9 Percentage of taxable income
Change on year
unchanged
World rank
116th
of 128 countries
All-time high
40 Percentage of taxable income
in 2000
All-time low
5.5 Percentage of taxable income
in 2019
Years of data
27
2000–2026
Corporate income tax (CIT) - statutory and targeted small business in Barbados, 2000–2026
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of taxable income.
Analysis
The most recent figure for corporate income tax (cit) - statutory and targeted small business in Barbados is 9 Percentage of taxable income, measured in 2026.
That represents a change of down 64.0% over ten years.
Over the whole period, corporate income tax (cit) - statutory and targeted small business in Barbados peaked at 40 Percentage of taxable income in 2000 and was at its lowest, 5.5 Percentage of taxable income, in 2019.
That places Barbados 116th out of 128 countries with data for 2026, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 27 years of available data.
Corporate income tax (CIT) - statutory and targeted small business in Barbados, year by year
| Year | Percentage of taxable income | Change |
|---|---|---|
| 2000 | 40 Percentage of taxable income | — |
| 2001 | 40 Percentage of taxable income | +0.0% |
| 2002 | 37.5 Percentage of taxable income | -6.2% |
| 2003 | 36 Percentage of taxable income | -4.0% |
| 2004 | 33 Percentage of taxable income | -8.3% |
| 2005 | 30 Percentage of taxable income | -9.1% |
| 2006 | 25 Percentage of taxable income | -16.7% |
| 2007 | 25 Percentage of taxable income | +0.0% |
| 2008 | 25 Percentage of taxable income | +0.0% |
| 2009 | 25 Percentage of taxable income | +0.0% |
| 2010 | 25 Percentage of taxable income | +0.0% |
| 2011 | 25 Percentage of taxable income | +0.0% |
| 2012 | 25 Percentage of taxable income | +0.0% |
| 2013 | 25 Percentage of taxable income | +0.0% |
| 2014 | 25 Percentage of taxable income | +0.0% |
| 2015 | 25 Percentage of taxable income | +0.0% |
| 2016 | 25 Percentage of taxable income | +0.0% |
| 2017 | 25 Percentage of taxable income | +0.0% |
| 2018 | 25 Percentage of taxable income | +0.0% |
| 2019 | 5.5 Percentage of taxable income | -78.0% |
| 2020 | 5.5 Percentage of taxable income | +0.0% |
| 2021 | 5.5 Percentage of taxable income | +0.0% |
| 2022 | 5.5 Percentage of taxable income | +0.0% |
| 2023 | 5.5 Percentage of taxable income | +0.0% |
| 2024 | 9 Percentage of taxable income | +63.6% |
| 2025 | 9 Percentage of taxable income | +0.0% |
| 2026 | 9 Percentage of taxable income | +0.0% |
Barbados compared with similar countries
- Barbados's 9 Percentage of taxable income is below the median for high income countries, which is 21.5 Percentage of taxable income, 42% of the median. (60 countries reporting)
- Barbados's 9 Percentage of taxable income is below the median for Latin America & Caribbean, which is 25 Percentage of taxable income, 36% of the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 31.65 Percentage of taxable income | 25 Percentage of taxable income | 40 Percentage of taxable income | 10 |
| 2010s | 23.05 Percentage of taxable income | 5.5 Percentage of taxable income | 25 Percentage of taxable income | 10 |
| 2020s | 7 Percentage of taxable income | 5.5 Percentage of taxable income | 9 Percentage of taxable income | 7 |
Countries ranked near Barbados
- 116 United Arab Emirates 9 Percentage of taxable income compare
- 116 Hungary 9 Percentage of taxable income compare
- 119 Belize 0 Percentage of taxable income compare
- 119 Isle of Man 0 Percentage of taxable income compare
- 119 British Virgin Islands 0 Percentage of taxable income compare
- 119 Guernsey 0 Percentage of taxable income compare
- 119 Jersey 0 Percentage of taxable income compare
- 119 Bahamas 0 Percentage of taxable income
- 119 Bahrain 0 Percentage of taxable income
- 119 Bermuda 0 Percentage of taxable income
- 119 Cayman Islands 0 Percentage of taxable income
- 119 Turks and Caicos Islands 0 Percentage of taxable income
More economy & growth data for Barbados
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.99 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 18.57 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0024 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 65.74 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 303.06 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 34.75 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0399 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 1,073 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 2.97 % change on previous year (2024)
Frequently asked questions
- What is corporate income tax (cit) - statutory and targeted small business in Barbados?
- Corporate income tax (cit) - statutory and targeted small business in Barbados was 9 Percentage of taxable income in 2026, according to Organisation for Economic Co-operation and Development.
- What is the highest corporate income tax (cit) - statutory and targeted small business recorded in Barbados?
- The highest recorded value was 40 Percentage of taxable income in 2000.
- What is the lowest corporate income tax (cit) - statutory and targeted small business recorded in Barbados?
- The lowest recorded value was 5.5 Percentage of taxable income in 2019.
- How does Barbados rank for corporate income tax (cit) - statutory and targeted small business?
- Barbados ranks 116th out of 128 countries with data for 2026.
- Is corporate income tax (cit) - statutory and targeted small business rising or falling in Barbados?
- Over the last ten years it is down 64.0%. The long-run trend across the full record is falling.
- Where does this Barbados data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Corporate income tax (CIT) - statutory and targeted small business rates — Combined corporate income tax rate. Statizoid updates them automatically from the source API.
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About this data
Statutory and targeted, sub-central and combined corporate income tax (CIT) rates. Targeted rates of 'small incorporated business' are on the basis of size alone (e.g. number of employees, amount of assets, turnover or taxable income) and not on the basis of expenditures or other targeting criteria. Targeted rates data are only available for OECD member countries.