The Barbados Revenue Authority (BRA) issued two policy notes on 20 April 2026 concerning a reduction in the personal income tax rates from income year 2026 and an increase in the income limit for the compensatory income credit from income year 2025. Both measures were part of the budgetary proposals for 2026.
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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 hav…