What are payroll taxes in Barbados?

Income tax is payable on the first BBD 50,000 of taxable income at a rate of 12.5% and on taxable income exceeding BBD 50,000 at a rate of 28.5%. Net residential rental income is taxed at 15%. Gross assessable income up to BBD 25,000 is not subject to tax, by virtue of the basic personal allowance.

The Social Security Rate in Barbados stands at 23.85 percent.