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Barbados vs Uruguay
Tax Rate Comparison

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

๐Ÿ‡ง๐Ÿ‡ง Barbados
vs
๐Ÿ‡บ๐Ÿ‡พ Uruguay
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
12.5โ€“28.5%
28.5% top; competitive Caribbean jurisdiction
No change
0โ€“36%
Stable; new government maintaining tax structure
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
17.5%
17.5% stable
No change
10โ€“22%
22% standard; no change
No change
Corporate Tax Rate
Corporate Tax Rate
5.5โ€“9%
Tiered rate; Pillar Two compliance for large groups
No change
25%
25% IRAE stable; FTA and trading hub status
No change
Capital Gains Tax
Capital Gains Tax
0%
No CGT โ€” sustained advantage
No change
12%
12% on capital income
No change
Social Security & Payroll
Social Security / Payroll
~18.1%
NIS contributions; pension reform needed
No change
~22.5%
New pension system (mixed DB/DC) maturing
No change
State, Regional & Local Taxes

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.

๐Ÿ‡บ๐Ÿ‡พ Uruguay โ€” Departmental & Municipal Taxes

Uruguay's 19 departments (like Montevideo, Maldonado) each have their own departmental government (Intendencia) that levies property taxes (Contribuciรณn Inmobiliaria) at rates set per department, vehicle patents (Patente de Rodados), and commercial licence fees. Montevideo has higher rates than interior departments. National income tax (IRPF) and corporate tax are nationally administered by the DGI (Direcciรณn General Impositiva). Uruguay's territorial income tax system (prior to 2007 reform) was replaced with a worldwide system.

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.

Barbados vs Uruguay: Key Tax Differences (2026)

๐Ÿ’ฐ Income Tax: ๐Ÿ‡บ๐Ÿ‡พ Uruguay has a higher top income tax rate (12.5โ€“28.5% vs 0โ€“36%). ๐Ÿ‡ง๐Ÿ‡ง Barbados is more favourable for high earners.

๐Ÿ›’ VAT/Sales Tax: Uruguay has a higher consumption tax (17.5% vs 10โ€“22%).

๐Ÿข Corporate Tax: ๐Ÿ‡ง๐Ÿ‡ง Barbados offers a lower corporate rate (9% vs 25%), which can influence business location decisions.

๐Ÿ“ˆ Capital Gains: ๐Ÿ‡ง๐Ÿ‡ง Barbados taxes investment gains at a lower rate (0% vs 12%), benefiting investors.

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