Barbados - Taxes on income
Taxes on income, profits and capital gains (current LCU)
The value for Taxes on income, profits and capital gains (current LCU) in Barbados was 861,069,600 as of 2016. As the graph below shows, over the past 13 years this indicator reached a maximum value of 936,265,600 in 2007 and a minimum value of 596,500,000 in 2004.
Definition: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.
Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.
| Year | Value |
|---|---|
| 2003 | 604,735,000 |
| 2004 | 596,500,000 |
| 2005 | 721,842,000 |
| 2006 | 817,876,600 |
| 2007 | 936,265,600 |
| 2008 | 897,374,600 |
| 2009 | 816,792,400 |
| 2010 | 762,703,500 |
| 2011 | 772,269,100 |
| 2012 | 746,267,200 |
| 2013 | 639,267,300 |
| 2014 | 693,041,100 |
| 2015 | 752,577,300 |
| 2016 | 861,069,600 |
Taxes on income, profits and capital gains (% of revenue)
Taxes on income, profits and capital gains (% of revenue) in Barbados was 29.98 as of 2016. Its highest value over the past 13 years was 36.96 in 2007, while its lowest value was 27.63 in 2013.
Definition: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.
Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.
See also:
| Year | Value |
|---|---|
| 2003 | 33.09 |
| 2004 | 30.11 |
| 2005 | 33.76 |
| 2006 | 36.78 |
| 2007 | 36.96 |
| 2008 | 34.22 |
| 2009 | 32.26 |
| 2010 | 31.64 |
| 2011 | 29.72 |
| 2012 | 30.75 |
| 2013 | 27.63 |
| 2014 | 28.91 |
| 2015 | 29.66 |
| 2016 | 29.98 |
Taxes on income, profits and capital gains (% of total taxes)
Taxes on income, profits and capital gains (% of total taxes) in Barbados was 32.42 as of 2016. Its highest value over the past 13 years was 38.58 in 2007, while its lowest value was 29.62 in 2013.
Definition: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.
Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.
See also:
| Year | Value |
|---|---|
| 2003 | 37.32 |
| 2004 | 33.59 |
| 2005 | 35.35 |
| 2006 | 38.35 |
| 2007 | 38.58 |
| 2008 | 36.88 |
| 2009 | 37.00 |
| 2010 | 34.06 |
| 2011 | 31.94 |
| 2012 | 33.08 |
| 2013 | 29.62 |
| 2014 | 31.38 |
| 2015 | 31.43 |
| 2016 | 32.42 |
Classification
Topic: Public Sector Indicators
Sub-Topic: Government finance
