Bolivia vs Barbados
Tax Rate Comparison
Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.
π° Personal Income Tax Calculator
Enter your income to see your estimated annual tax liability in each country β side by side.
π§π΄ Bolivia β Departmental & Municipal Taxes
Bolivia's 9 departments and 339 municipalities have their own tax powers. Municipalities levy the Impuesto a la Propiedad de Bienes Inmuebles (IPBI) on real property and the Impuesto Municipal a las Transferencias (IMT) on property transfers. Departmental governments receive shares of natural resource royalties. The National Tax Service (SIN) administers national taxes. Bolivia has a unique tax system where there is no personal income tax in the traditional sense β instead, the RC-IVA (complementary VAT) effectively taxes income.
π§π§ Barbados β Parish Councils & Land Tax
Barbados's 11 parishes have parish councils that levy land tax at 0.1%β0.7% 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.
Bolivia vs Barbados: Key Tax Differences (2026)
π° Income Tax: π§π§ Barbados has a higher top income tax rate (13% vs 12.5β28.5%). π§π΄ Bolivia is more favourable for high earners.
π VAT/Sales Tax: Barbados has a higher consumption tax (13% vs 17.5%).
π’ Corporate Tax: π§π§ Barbados offers a lower corporate rate (9% vs 25%), which can influence business location decisions.
π Capital Gains: π§π§ Barbados taxes investment gains at a lower rate (0% vs 25%), benefiting investors.