Barbados has a comprehensive system of taxation which is used to fund central government operations.
The principle forms of taxes in Barbados are:
- Tax on personal income
- Tax on corporate income
- Value added taxes on goods and services
- Duties on goods imported to the country
- Excise taxes on some imports, of the sale of fuel and acholic beverages
- Taxes on the value of real property
- Property transfer taxes on the sale of real property and shares
- Stamp duties that are levied on the sale of real property, shares and certain other types of transactions
However, there are no taxes levied on capital gains as the type of transactions which would normally be subject to capital gains taxes are already subject to property transfer taxes and stamp duties.