Grenada Tax Rates
Grenada operates a tax system administered by the Inland Revenue Division. Personal income tax has a top rate of 30%, corporate tax is 28%, and VAT is 15%. Grenada does not tax capital gains and offers a Citizenship by Investment program. Known as the 'Spice Isle,' Grenada has a growing tourism and financial services sector.
Top Income Tax Rate
30%
Corporate Tax Rate
28%
VAT / Sales Tax
15%
Capital Gains Tax
0%
Detailed Tax Information
Income Tax Brackets
Grenada imposes progressive personal income tax at 15% and 30% after a personal allowance of XCD 36,000. Residents are taxed on worldwide income; non-residents on Grenadian-source income.
| Income Range | Tax Rate |
|---|---|
| XCD 0 – XCD 36K | 0% |
| XCD 36K – XCD 60K | 15% |
| XCD 60K+ | 30% |
Corporate Tax
Grenada imposes a 28% corporate income tax. Companies in approved sectors may qualify for investment incentives including tax holidays and reduced rates.
Standard Rate
28%
Capital Gains Tax
Grenada does not impose a capital gains tax.
Rate
0%
VAT / Sales Tax
Grenada levies a 15% VAT on most goods and services. A reduced 10% rate applies to tourism accommodations. Basic foods, medicines, and exports are zero-rated.
Standard Rate
15%
Cryptocurrency Tax
Grenada does not have specific cryptocurrency legislation. Since there is no capital gains tax, crypto trading profits may not be directly taxable unless considered business income.
Tax Treaties
Grenada has a limited treaty network, benefiting from the CARICOM multilateral agreement and a treaty with the UK.
Treaty Network
3
Double taxation agreements
Major treaty partners:
Key Details
Relocate to Grenada
See how much you could save by moving here from your current country.
+$4K
Tax in United States
$24K
24.4% effective
Tax in Grenada
$21K
20.6% effective
You Save
15.4%
less tax annually
US Citizens: Important Note
US citizens are taxed on worldwide income regardless of residence. You'll still need to file US taxes, though the Foreign Earned Income Exclusion and Foreign Tax Credit may reduce your liability.
Grenada Tax FAQ
Related Countries
Saint Lucia
North America
Income Tax
30%
Corporate
30%
VAT
12.5%
Capital Gains
0%
Saint Vincent and the Grenadines
North America
Income Tax
32.5%
Corporate
30%
VAT
16%
Capital Gains
0%
Barbados
North America
Income Tax
28.5%
Corporate
5.5%
VAT
17.5%
Capital Gains
0%
Trinidad and Tobago
North America
Income Tax
25%
Corporate
30%
VAT
12.5%
Capital Gains
0%