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Barbados vs Romania
Tax Rate Comparison

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

๐Ÿ‡ง๐Ÿ‡ง Barbados
vs
๐Ÿ‡ท๐Ÿ‡ด Romania
Tax Year:

๐Ÿ’ฐ Personal Income Tax Calculator

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

Enter your annual income above to see your personal tax comparison โ†’
Individual Income Tax (Top Marginal Rate)
Top Income Tax Rate
12.5โ€“28.5%
28.5% top; competitive Caribbean jurisdiction
No change
10%
10% flat; potential graduated system under IMF/EU pressure
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
17.5%
17.5% stable
No change
5โ€“19%
19% standard; possible increase for fiscal consolidation
No change
Corporate Tax Rate
Corporate Tax Rate
5.5โ€“9%
Tiered rate; Pillar Two compliance for large groups
No change
16%
16% maintained; micro regime tightening
No change
Capital Gains Tax
Capital Gains Tax
0%
No CGT โ€” sustained advantage
No change
10%
10% flat; potential reform
No change
Social Security & Payroll
Social Security / Payroll
~18.1%
NIS contributions; pension reform needed
No change
~37.25%
Contribution reform pending; pension system deficit
No change
State, Regional & Local Taxes

๐Ÿ‡ง๐Ÿ‡ง Barbados โ€” Parish Councils & Land Tax

Barbados's 11 parishes have parish councils that levy land tax at 0.1%โ€“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.

๐Ÿ‡ท๐Ÿ‡ด Romania โ€” Local & County Taxes

Romania's 41 counties (judeลฃe) and Bucharest municipality do not set income tax โ€” this is nationally set. Municipalities levy local taxes including property tax (impozit pe clฤƒdiri, impozit pe teren) and vehicle tax (impozit pe mijloace de transport). Bucharest has higher property tax coefficients than rural areas. A micro-enterprise tax regime (1% or 3% on turnover) applies to small companies instead of standard CIT. Romania has had the EU's lowest flat income tax rate at 10%.

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

Barbados vs Romania: Key Tax Differences (2026)

๐Ÿ’ฐ Income Tax: ๐Ÿ‡ง๐Ÿ‡ง Barbados has a higher top income tax rate (12.5โ€“28.5% vs 10%). ๐Ÿ‡ท๐Ÿ‡ด Romania is more favourable for high earners.

๐Ÿ›’ VAT/Sales Tax: Romania has a higher consumption tax (17.5% vs 5โ€“19%).

๐Ÿข Corporate Tax: ๐Ÿ‡ง๐Ÿ‡ง Barbados offers a lower corporate rate (9% vs 16%), which can influence business location decisions.

๐Ÿ“ˆ Capital Gains: ๐Ÿ‡ง๐Ÿ‡ง Barbados taxes investment gains at a lower rate (0% vs 10%), benefiting investors.

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