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Barbados: Personal Taxation

Residence and Liability for Taxation

Residence is defined as presence in the country for more than 182 days in a calendar year (which is the tax year), and then applies to the whole year. There is no legal definition of domicile in the Income Tax Act; but it is usually acquired by birth or by a conscious decision to base oneself permanently in a country. The following categories of people can be distinguished from a tax point of view:

  • A resident and domiciled individual is taxed on worldwide income whether or not remitted to Barbados;
  • A resident but not domiciled individual is taxed on income derived from Barbados, including from an office or employment exercised there, and income remitted to Barbados;
  • A non-resident is taxed on income derived from Barbados, including from an office or employment exercised there.

 

 

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