Personal income tax was lowered from 20% to 17.5% in 2012 and applied on income of less than BDS$30,000 with a rate of 35% apply on income over BDS$30,000 and individuals who are both resident and domiciled in Barbados are taxed on their worldwide income.
A new tax, called the Municipal Solid Waste Tax, was introduced and took effective in 2014.