Barbados: Domestic Corporate Taxation
Barbados levies an annual land tax at 0.6% on all unimproved land; 0% on improved value up to BDS190,000; 0.10% tax on the next BDS310,000, 0.45% tax on the next BDS750,000, 0.75% on the excess of BDS1.25million.
A rate of 0.65% on the improved value of the property applies to commercial, industrial, hotel and villa properties. A certificate from the Barbados Tourism Authority means that hotels and villas attract a rebate of 50% and 25% respectively.
There are also property taxes; however since 2003 the first BDS125,000 of a Barbadian property's value is exempt from taxation.