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Grenada Taxation

Grenada Taxation
Brand: Grenada
Category: Tax Jurisdiction

Rating

The overall rating is based on review by third parties and our experts

8.6
  • Global Tax Friendly 9 / 10
  • Inheritance Tax Friendly 10 / 10
  • Easy to Citizenship 10 / 10
  • Financial Secret Score 7 / 10
  • R. Estate Tax Friendly 9 / 10
  • Gift Tax Friendly 10 / 10
  • Anti-Aml Index 5 / 10

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.

Information

Investment Basis

Currency Eastern Caribbean Dollar
Accounting Principles IFRS, Parent company
Individual Worldwide Tax Basis Resident
Fast Track Citizenship

Individual Taxation

Starting Taxable Income 1
Starting Income Tax Rate 10%
Highest Income Tax Rate 28%
No Individual Capital Gain Tax

Inheritance, Gift, Net Worth, Dividend, Interest Taxation

No Net Worth Tax
No Gift Tax
No Inheritance Tax
Dividend Tax 0%
Interest Tax 15%

Corporate Taxation

Income Tax Rate 28%
Branch Tax Rate 28%
No Capital Gain Tax

Withholding Taxation for Nonresidents

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%

Withholding Taxation for Residents

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%

Real Estate

Stamp Duty 1%
Transfer Tax 5%-15%
Real Property Tax 0%-0.5%

Value Added Tax

Standard Rate 15%
Reduced Rate 0%/10%/20%

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