Personal Income Tax Rate Reduction – Income Year 2026
The Barbados Revenue Authority (BRA) advises that effective Income Year 2026, personal income tax rates for individuals have been reduced under the Budgetary Proposals 2026, as announced by Ryan Straughn, Minister of Finance.
📉 New Tax Rates
- $25,001 – $75,000: 11.5% (reduced from 12.5%)
- Over $75,000: 27.5% (reduced from 28.5%)
These revised rates will apply to all eligible individuals for the 2026 income year and beyond.
📥 Download Full Policy Note
For full details, examples, and PAYE guidance, download the official policy note below: