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Barbados vs Chile
Tax Rate Comparison

Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.

πŸ‡§πŸ‡§ Barbados
vs
πŸ‡¨πŸ‡± Chile
Tax Year:

πŸ’° Personal Income Tax Calculator

Enter your income to see your estimated annual tax liability in each country β€” side by side.

Enter your annual income above to see your personal tax comparison β†’
Individual Income Tax (Top Marginal Rate)
Top Income Tax Rate
12.5–28.5%
28.5% top; competitive Caribbean jurisdiction
No change
0–40%
Rates stable; Boric administration reforms settling
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
17.5%
17.5% stable
No change
19%
19% flat; no change
No change
Corporate Tax Rate
Corporate Tax Rate
5.5–9%
Tiered rate; Pillar Two compliance for large groups
No change
27%
Large corp 27% stable; Pillar Two for MNCs
No change
Capital Gains Tax
Capital Gains Tax
0%
No CGT β€” sustained advantage
No change
0–22%
No major reform expected
No change
Social Security & Payroll
Social Security / Payroll
~18.1%
NIS contributions; pension reform needed
No change
~35%
Pension reform adding 6% employer contribution gradually
No change
State, Regional & Local Taxes

πŸ‡§πŸ‡§ Barbados β€” Parish Councils & Land Tax

Barbados's 11 parishes have parish councils that levy land tax at 0.1%–0.7% of site value. Barbados has long been a significant international business and financial centre, particularly for Canadian companies. Major tax reform in 2019 aligned Barbados with OECD BEPS standards. A tiered corporate tax rate structure was introduced. Barbados was removed from the EU tax haven blacklist following these reforms and maintains competitiveness as an IFC.

πŸ‡¨πŸ‡± Chile β€” Municipal & Regional Taxes

Chile's 16 regions and 346 municipalities do not levy separate income taxes. Municipalities charge patente municipal (business licence fee) based on capital, typically 0.25%–0.5% of net equity/year, capped at ~$8,000 USD. Property tax (contribuciones de bienes raΓ­ces) is national in structure but rates vary 0.075%–1.2% by property type. The SII (tax authority) is national. The Royalty Minero (mining royalty) is a significant revenue source in copper-producing regions.

⚠️ Disclaimer: Rates shown are standard top/headline rates for informational purposes. Actual tax liability depends on income level, residency, deductions, and tax treaties. 2025–2026 data reflects announced or enacted rates and may be subject to change. Not financial or legal advice.

Barbados vs Chile: Key Tax Differences (2026)

πŸ’° Income Tax: πŸ‡¨πŸ‡± Chile has a higher top income tax rate (12.5–28.5% vs 0–40%). πŸ‡§πŸ‡§ Barbados is more favourable for high earners.

πŸ›’ VAT/Sales Tax: Chile has a higher consumption tax (17.5% vs 19%).

🏒 Corporate Tax: πŸ‡§πŸ‡§ Barbados offers a lower corporate rate (9% vs 27%), which can influence business location decisions.

πŸ“ˆ Capital Gains: πŸ‡§πŸ‡§ Barbados taxes investment gains at a lower rate (0% vs 22%), benefiting investors.

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