WorldTax Compareโ† All Comparisons

Malawi vs Barbados
Tax Rate Comparison

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

๐Ÿ‡ฒ๐Ÿ‡ผ Malawi
vs
๐Ÿ‡ง๐Ÿ‡ง Barbados
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
0โ€“35%
35% top; IMF program conditions
No change
12.5โ€“28.5%
28.5% top; competitive Caribbean jurisdiction
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
16.5%
16.5% VAT maintained
No change
17.5%
17.5% stable
No change
Corporate Tax Rate
Corporate Tax Rate
30%
30%; mining sector developing
No change
5.5โ€“9%
Tiered rate; Pillar Two compliance for large groups
No change
Capital Gains Tax
Capital Gains Tax
30%
30% CGT maintained
No change
0%
No CGT โ€” sustained advantage
No change
Social Security & Payroll
Social Security / Payroll
~10%
MASM; pension coverage expanding
No change
~18.1%
NIS contributions; pension reform needed
No change
State, Regional & Local Taxes

๐Ÿ‡ฒ๐Ÿ‡ผ Malawi โ€” District & City Councils

Malawi's 28 district councils and city/town assemblies levy property rates, trading licences, and local service charges. The Malawi Revenue Authority (MRA) administers national taxes. Malawi is landlocked and one of the world's poorest countries โ€” highly dependent on tobacco exports (declining due to health campaigns), tea, and sugar, plus significant international aid. An IMF Extended Credit Facility has been supporting fiscal consolidation. The kwacha has experienced significant depreciation, complicating tax bracket real values over time.

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.

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.

Malawi vs Barbados: Key Tax Differences (2026)

๐Ÿ’ฐ Income Tax: ๐Ÿ‡ฒ๐Ÿ‡ผ Malawi has a higher top income tax rate (0โ€“35% vs 12.5โ€“28.5%). ๐Ÿ‡ง๐Ÿ‡ง Barbados is more favourable for high earners.

๐Ÿ›’ VAT/Sales Tax: Barbados has a higher consumption tax (16.5% vs 17.5%).

๐Ÿข Corporate Tax: ๐Ÿ‡ง๐Ÿ‡ง Barbados offers a lower corporate rate (9% vs 30%), which can influence business location decisions.

๐Ÿ“ˆ Capital Gains: ๐Ÿ‡ง๐Ÿ‡ง Barbados taxes investment gains at a lower rate (0% vs 30%), benefiting investors.

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