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Papua New Guinea vs Barbados
Tax Rate Comparison

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

๐Ÿ‡ต๐Ÿ‡ฌ Papua New Guinea
vs
๐Ÿ‡ง๐Ÿ‡ง Barbados
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
22โ€“42%
42% top; resource boom affecting distribution
No change
12.5โ€“28.5%
28.5% top; competitive Caribbean jurisdiction
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
10%
GST 10% maintained
No change
17.5%
17.5% stable
No change
Corporate Tax Rate
Corporate Tax Rate
30%
30%; new LNG projects fiscal terms negotiation
No change
5.5โ€“9%
Tiered rate; Pillar Two compliance for large groups
No change
Capital Gains Tax
Capital Gains Tax
17%
17% non-residents
No change
0%
No CGT โ€” sustained advantage
No change
Social Security & Payroll
Social Security / Payroll
~12.5%
Superannuation fund growth; coverage limited to formal
No change
~18.1%
NIS contributions; pension reform needed
No change
State, Regional & Local Taxes

๐Ÿ‡ต๐Ÿ‡ฌ Papua New Guinea โ€” Provincial & Local Government Taxes

Papua New Guinea's 22 provinces and the National Capital District levy their own provincial income taxes on certain income types, business licence fees, and sundry local charges. The Internal Revenue Commission (IRC) administers national taxes. PNG's economy is dominated by extractive industries (LNG, gold, copper) under fiscal resource contracts. The LNG sector has transformed government revenues. Significant informal economy and subsistence agriculture outside the formal tax base. A GST at 10% applies broadly.

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.

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.

Papua New Guinea vs Barbados: Key Tax Differences (2026)

๐Ÿ’ฐ Income Tax: ๐Ÿ‡ต๐Ÿ‡ฌ Papua New Guinea has a higher top income tax rate (22โ€“42% vs 12.5โ€“28.5%). ๐Ÿ‡ง๐Ÿ‡ง Barbados is more favourable for high earners.

๐Ÿ›’ VAT/Sales Tax: Barbados has a higher consumption tax (10% vs 17.5%).

๐Ÿข Corporate Tax: ๐Ÿ‡ง๐Ÿ‡ง Barbados offers a lower corporate rate (9% vs 30%), which can influence business location decisions.

๐Ÿ“ˆ Capital Gains: ๐Ÿ‡ง๐Ÿ‡ง Barbados taxes investment gains at a lower rate (0% vs 17%), benefiting investors.

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