To be a Grenada tax resident, an individual must spend at least 183 days a year within the country. Tax residents and non-residents are subject to tax on their Grenadian-source income. The first XCD24,000 of Grenadian-source income is subject to a personal income tax rate of 10%, rising to 30% on income exceeding this amount.
Currency | Eastern Caribbean Dollar |
Accounting Principles | IFRS, Parent company |
Individual Worldwide Tax Basis | Deemed a domiciled resident, or resident having a minimum of 183 stays in a year. |
Fast Track Citizenship |
Starting Taxable Income | 1 |
Starting Income Tax Rate | 10% |
Highest Income Tax Rate | 28% |
No Individual Capital Gain Tax |
No Net Worth Tax | |
No Gift Tax | |
No Inheritance Tax | |
Dividend Tax | 0% |
Interest Tax | 15% |
Income Tax Rate | 28% |
Branch Tax Rate | 28% |
No Capital Gain Tax |
Dividends (Company) | 0% |
Interest (Company) | 15% |
Royalties (Company) | 15% |
Fees for Technical Services (Company) | 15% |
Dividends (Individual) | 0% |
Interest (Individual) | 15% |
Royalties (Individual) | 15% |
Fees for Technical Services (Individual) | 15% |
Dividends (Company) | 0% |
Interest (Company) | 15% |
Royalties (Company) | 15% |
Fees for Technical Services (Company) | 15% |
Dividends (Individual) | 0% |
Interest (Individual) | 15% |
Royalties (Individual) | 15% |
Fees for Technical Services (Individual) | 15% |
Stamp Duty | 1% |
Transfer Tax | 5%-15% |
Real Property Tax | 0%-0.5% |
Standard Rate | 15% |
Reduced Rate | 0%/10%/20% |