Barbados vs Dominican Republic
Tax Rate Comparison
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๐ฐ Personal Income Tax Calculator
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๐ง๐ง Barbados โ Parish Councils & Land Tax
Barbados's 11 parishes have parish councils that levy land tax at 0.1%โ0.7% 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.
๐ฉ๐ด Dominican Republic โ Municipal Taxes
The Dominican Republic's 32 provinces and 158 municipalities levy the impuesto a la propiedad inmobiliaria (IPI) on properties above DOP 9.5M at 1%, commercial licences, and local service fees. The DGII (Direcciรณn General de Impuestos Internos) administers national taxes. The DR has been one of the fastest-growing economies in Latin America, with tourism, manufacturing (free trade zones), and remittances as key pillars. Tax reform has been ongoing to improve collection and reduce evasion.
Barbados vs Dominican Republic: Key Tax Differences (2026)
๐ฐ Income Tax: ๐ง๐ง Barbados has a higher top income tax rate (12.5โ28.5% vs 0โ25%). ๐ฉ๐ด Dominican Republic is more favourable for high earners.
๐ VAT/Sales Tax: Both countries have comparable consumption tax rates (17.5% vs 18%).
๐ข Corporate Tax: ๐ง๐ง Barbados offers a lower corporate rate (9% vs 27%), which can influence business location decisions.
๐ Capital Gains: ๐ง๐ง Barbados taxes investment gains at a lower rate (0% vs 27%), benefiting investors.