Barbados vs Peru
Tax Rate Comparison
Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.
💰 Personal Income Tax Calculator
Enter your income to see your estimated annual tax liability in each country — side by side.
Individual Income Tax (Top Marginal Rate)
VAT / GST / Sales Tax
Corporate Tax Rate
Capital Gains Tax
Social Security & Payroll
🇧🇧 Barbados — 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.
🇵🇪 Peru — Municipal Taxes & Regional Licenses
Peru's 25 regions and 1,874 municipalities have limited tax powers. Municipalities levy Impuesto Predial (property tax at 0.2%–1% of self-assessed value), vehicle tax (Impuesto al Patrimonio Vehicular), and business licences. Alcabala (property transfer tax) is municipal at 3% of value above 10 UIT. The national tax authority (SUNAT) administers income and VAT taxes. Peru has a flat corporate rate and progressive personal income tax system.
Barbados vs Peru: Key Tax Differences (2026)
💰 Income Tax: 🇵🇪 Peru has a higher top income tax rate (12.5–28.5% vs 8–30%). 🇧🇧 Barbados is more favourable for high earners.
🛒 VAT/Sales Tax: Both countries have comparable consumption tax rates (17.5% vs 18%).
🏢 Corporate Tax: 🇧🇧 Barbados offers a lower corporate rate (9% vs 29.5%), which can influence business location decisions.
📈 Capital Gains: 🇧🇧 Barbados taxes investment gains at a lower rate (0% vs 5%), benefiting investors.