Passport and Tax
Passport and Tax
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% |
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