Barbados

With effect from income year 2026, the personal income tax rate for individuals earning between $25,000 and $75,000 has been reduced from 12.5% to 11.5%. For those earning above $75,000, the rate has been reduced from 28.5% to 27.5%.

Effective 1 January 2026, the maximum insurable earnings increased to BBD 5,360 per month or BBD 1,238 per week.