Bb Corporate Income Tax

---
name: bb-corporate-income-tax
description: "Source-cited draft: corporate income tax for Barbados (tax year 2025) — rates, thresholds and rules with primary-source citations. Unverified; pending local-accountant review."
license: "AGPL-3.0-or-later (code) / OpenAccountants Guide License v1.0 (content)"
metadata:
  source: openaccountants
  openaccountants_url: "https://www.openaccountants.com/skills/bb-corporate-income-tax"
  jurisdiction: "BB"
  tax_year: "2025"
  last_updated: "2026-07-13"
---

# Barbados Corporate Income Tax

## Corporation tax rates and base

Barbados moved to a 9% general corporation tax rate from 1 January 2024, with reduced rates for approved small businesses, shipping, insurance and qualifying IP income. A 15% Qualified Domestic Minimum Top-Up Tax applies to large in-scope MNE groups.

- **General corporation tax rate** — 9% %  _([Income Tax Act, Cap. 73](https://taxsummaries.pwc.com/barbados/corporate/taxes-on-corporate-income))_
- **Approved small business rate** — 5.5% %  _([Small Business Development Act / Income Tax Act, Cap. 73](https://taxsummaries.pwc.com/barbados/corporate/taxes-on-corporate-income))_
- **International shipping companies** — Tiered, 5.5% down to 1% %  _([Income Tax Act, Cap. 73](https://taxsummaries.pwc.com/barbados/corporate/taxes-on-corporate-income))_
- **Insurance companies (Class 1, 2, 3)** — Tiered, 0% to 2% depending on class %  _([Insurance Act / Income Tax Act, Cap. 73](https://taxsummaries.pwc.com/barbados/corporate/taxes-on-corporate-income))_
- **Qualifying intellectual property income** — 4.5% %  _([Income Tax Act, Cap. 73](https://taxsummaries.pwc.com/barbados/corporate/taxes-on-corporate-income))_
- **Qualified Domestic Minimum Top-Up Tax (Pillar Two)** — 15% top-up tax on in-scope resident members of MNE groups with consolidated revenue of EUR 750 million or more %  _([Corporation Top-up Tax Act, 2024-16](https://bra.gov.bb/About/Legislation-Regulations/Corporation-Top-up-Tax-Act-2024-16))_
- **Tax base** — Resident companies taxed on worldwide income; non-resident companies on Barbados-source income only  _([Income Tax Act, Cap. 73](https://taxsummaries.pwc.com/barbados/corporate/taxes-on-corporate-income))_
- **WHT on dividends (resident recipients)** — 0% to companies; 15% to individuals %  _([Income Tax Act, Cap. 73](https://taxsummaries.pwc.com/barbados/corporate/withholding-taxes))_
- **WHT on dividends (non-resident recipients)** — 0% / 5% (0% where paid out of non-Barbados-source income), before treaty relief ((confirm domestic non-treaty rate)) %  _([Income Tax Act, Cap. 73](https://taxsummaries.pwc.com/barbados/corporate/withholding-taxes))_
- **WHT on interest** — 15% to resident individuals (0% for pensioners aged 60+); 0% domestic rate to non-residents before treaty %  _([Income Tax Act, Cap. 73](https://taxsummaries.pwc.com/barbados/corporate/withholding-taxes))_
- **WHT on royalties (non-residents)** — 0% domestic rate before treaty relief ((confirm — historically royalties to non-residents carried a domestic WHT; verify current rate)) %  _([Income Tax Act, Cap. 73](https://taxsummaries.pwc.com/barbados/corporate/withholding-taxes))_
- **Corporate income tax prepayments** — From income year 2025, all companies (except approved small businesses) prepay monthly 1/12 of the tax payable on taxable income of the income year before the preceding year, due by the 15th of each month  _([Income Tax Act, Cap. 73](https://bra.gov.bb/Popular-Topics/Companies/Filing-and-Payment))_
- **Corporation tax return deadline** — Generally within 3-6 months of fiscal year end; BRA set 31 July 2025 for income year 2024 returns ((deadlines subject to BRA extension notices — confirm current year))  _([Income Tax Act, Cap. 73](https://bra.gov.bb/Popular-Topics/Companies/Filing-and-Payment))_

## Today's figures and who stands behind this skill

This file is an AI skill (tax rules your AI follows) from OpenAccountants, copied on 2026-07-13. Rates, thresholds and deadlines change. For the current version of this skill, its official sources and the named accountant (if any) who stands behind it, call `get_skill` with slug `bb-corporate-income-tax` on the OpenAccountants connector (https://www.openaccountants.com/connect), or read https://www.openaccountants.com/skills/bb-corporate-income-tax. If neither is available, confirm every figure against the official source pages cited above before relying on it.