πŸ‡§πŸ‡§ Barbados

Caribbean
0 residency programs
Residence-based taxation
Speightstown, Barbados

Countries / Barbados

Known for

Fact Sheet

Continent

Caribbean

Demonym

Barbadian

Calling code

+1246

Driving side

Left

Motto

Pride and Industry
Population
285,719
Human development index
0.80
Life expectancy
76 years
Unemployment rate
12%
Inflation rate
0.8%
Fertility rate
1.8

Cost of Life

Cost of Living Index
76.02
Rent Index
19.70
Groceries Index
65.20
Restaurant Price Index
68.14
Local Purchasing Power Index
51.10

Taxation overview

Tax system

Residence-based taxation

Countries with a residence-based taxation levy tax from your worldwide income for as long as you're a tax resident of that country. This is the most common taxation system.

Tax residence definition varies from country to country. General rule is you're a tax resident of a country if you spend 183 days or more in it in a year.

Tax Treaties (5)

Barbados has concluded 5 tax treaties (also called double tax agreements, or DTAs) with other countries to avoid or mitigate double taxation. Such treaties may cover a range of taxes including income taxes, inheritance taxes, value added taxes, or other taxes.
Note: the list below may not be exhaustive.
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