Maldives vs Barbados
Tax Rate Comparison
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💰 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
🇲🇻 Maldives — Island Council Taxes
The Maldives has 188 inhabited islands across 26 atolls administered by island and atoll councils. Councils have limited taxing powers — primarily fees for services. The Maldives Inland Revenue Authority (MIRA) administers all national taxes. Tourism dominates the economy (>60% of GDP via resort islands). The Business Profit Tax (BPT) at 15% and the Tourism Goods and Services Tax (T-GST at 16%) are major revenue sources. No personal income tax exists for residents earning under certain thresholds.
🇧🇧 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.
Maldives vs Barbados: Key Tax Differences (2026)
💰 Income Tax: 🇧🇧 Barbados has a higher top income tax rate (0–15% vs 12.5–28.5%). 🇲🇻 Maldives is more favourable for high earners.
🛒 VAT/Sales Tax: Barbados has a higher consumption tax (8–16% vs 17.5%).
🏢 Corporate Tax: 🇧🇧 Barbados offers a lower corporate rate (9% vs 15%), which can influence business location decisions.
📈 Capital Gains: 🇧🇧 Barbados taxes investment gains at a lower rate (0% vs 15%), benefiting investors.