8.11.25 Barbados 2026 Statutory Table
Statutory itemCurrent 2026 figure in the payroll engineEquation used by payrollOperational rule used in Eprecus NISEmployee 11.00%; Employer 12.75%; annual ceiling BBD 60,000; annual employee cap BBD 6,600; annual employer cap BBD 7,650Employee: min(gross pay, annual ceiling pay frequency) 11.00%Employer: same capped earnings base 12.75%The payroll engine limits NIS to the configured annual ceiling and converts that ceiling to a per-period maximum based on pay frequency. Income TaxShared 2026 package uses tenant-configured rate and threshold or progressive bracket JSON when providedFlat mode: max(0, gross pay (annual threshold pay frequency)) configured rateBracket mode: annualize pay, apply configured bracket steps, then convert back to the pay periodBarbados income tax must be confirmed in Payroll Setup > Variables because the shared engine supports tenant-specific tax packs. Severance Fund LevyEmployer-only; current figure is tenant-configured if enabledmin(gross pay, severance ceiling pay frequency) configured employer levy rateIf your Barbados tenant uses the severance fund levy, confirm that the rate and ceiling are loaded before payroll is run. Training LevyEmployer-only; current figure is tenant-configured if enabledgross pay configured training levy rateThe training levy is included only when the tenant payroll variables contain an active training levy rate.