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Barbados vs Cyprus
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‡Ύ Cyprus
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
0–35%
35% top; non-dom regime reviewed but maintained
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
17.5%
17.5% stable
No change
5–19%
19% standard maintained
No change
Corporate Tax Rate
Corporate Tax Rate
5.5–9%
Tiered rate; Pillar Two compliance for large groups
No change
12.5%
12.5% competitive; IP Box reform for Pillar Two compliance
No change
Capital Gains Tax
Capital Gains Tax
0%
No CGT β€” sustained advantage
No change
20%
20% immovable property; shares exempt
No change
Social Security & Payroll
Social Security / Payroll
~18.1%
NIS contributions; pension reform needed
No change
~23.8%
GeSY system bedding in; contribution rates stable
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‡Ύ Cyprus β€” Municipal & Community Taxes

Cyprus's 5 districts and 30+ municipalities/communities levy local taxes including immovable property tax (at municipal level after national IPT was abolished in 2017), refuse collection fees, and business licences. Nicosia and Limassol have the highest municipal charges. Cyprus is a major international financial centre offering non-dom status (no tax on dividends/interest for non-domiciled residents for 17 years), which attracts wealthy individuals. The IP Box regime offers 2.5% effective tax on qualifying IP income.

⚠️ 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 Cyprus: Key Tax Differences (2026)

πŸ’° Income Tax: πŸ‡¨πŸ‡Ύ Cyprus has a higher top income tax rate (12.5–28.5% vs 0–35%). πŸ‡§πŸ‡§ Barbados is more favourable for high earners.

πŸ›’ VAT/Sales Tax: Cyprus has a higher consumption tax (17.5% vs 5–19%).

🏒 Corporate Tax: πŸ‡§πŸ‡§ Barbados offers a lower corporate rate (9% vs 12.5%), which can influence business location decisions.

πŸ“ˆ Capital Gains: πŸ‡§πŸ‡§ Barbados taxes investment gains at a lower rate (0% vs 20%), benefiting investors.

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