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Peru vs Barbados
Tax Rate Comparison

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

πŸ‡΅πŸ‡ͺ Peru
vs
πŸ‡§πŸ‡§ Barbados
Tax Year:

πŸ’° Personal Income Tax Calculator

Enter your income to see your estimated annual tax liability in each country β€” side by side.

Enter your annual income above to see your personal tax comparison β†’
Individual Income Tax (Top Marginal Rate)
Top Income Tax Rate
8–30%
Rates stable; tax formalization drive
No change
12.5–28.5%
28.5% top; competitive Caribbean jurisdiction
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
18%
18% stable; digital services included
No change
17.5%
17.5% stable
No change
Corporate Tax Rate
Corporate Tax Rate
29.5%
29.5%; Pillar Two framework in development
No change
5.5–9%
Tiered rate; Pillar Two compliance for large groups
No change
Capital Gains Tax
Capital Gains Tax
5%
5% dividend rate maintained
No change
0%
No CGT β€” sustained advantage
No change
Social Security & Payroll
Social Security / Payroll
~32%
Mixed pension system; ONP and AFP reform progressing
No change
~18.1%
NIS contributions; pension reform needed
No change
State, Regional & Local Taxes

πŸ‡΅πŸ‡ͺ Peru β€” Municipal Taxes & Regional Licenses

Peru's 25 regions and 1,874 municipalities have limited tax powers. Municipalities levy Impuesto Predial (property tax at 0.2%–1% of self-assessed value), vehicle tax (Impuesto al Patrimonio Vehicular), and business licences. Alcabala (property transfer tax) is municipal at 3% of value above 10 UIT. The national tax authority (SUNAT) administers income and VAT taxes. Peru has a flat corporate rate and progressive personal income tax system.

πŸ‡§πŸ‡§ Barbados β€” Parish Councils & Land Tax

Barbados's 11 parishes have parish councils that levy land tax at 0.1%–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.

⚠️ Disclaimer: Rates shown are standard top/headline rates for informational purposes. Actual tax liability depends on income level, residency, deductions, and tax treaties. 2025–2026 data reflects announced or enacted rates and may be subject to change. Not financial or legal advice.

Peru vs Barbados: Key Tax Differences (2026)

πŸ’° Income Tax: πŸ‡΅πŸ‡ͺ Peru has a higher top income tax rate (8–30% vs 12.5–28.5%). πŸ‡§πŸ‡§ Barbados is more favourable for high earners.

πŸ›’ VAT/Sales Tax: Both countries have comparable consumption tax rates (18% vs 17.5%).

🏒 Corporate Tax: πŸ‡§πŸ‡§ Barbados offers a lower corporate rate (9% vs 29.5%), which can influence business location decisions.

πŸ“ˆ Capital Gains: πŸ‡§πŸ‡§ Barbados taxes investment gains at a lower rate (0% vs 5%), benefiting investors.

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