Saint Vincent and the Grenadines Tax Rates
Saint Vincent and the Grenadines operates a tax system administered by the Inland Revenue Department. Personal income tax has a top rate of 32.5%, corporate tax is 30%, and VAT is 16%. The country does not impose capital gains tax or wealth tax. SVG is known for its offshore financial services sector and yacht tourism.
Top Income Tax Rate
32.5%
Corporate Tax Rate
30%
VAT / Sales Tax
16%
Capital Gains Tax
0%
Detailed Tax Information
Income Tax Brackets
SVG imposes progressive personal income tax with five brackets from 0% to 32.5%. The personal allowance is XCD 22,000. Residents are taxed on worldwide income.
| Income Range | Tax Rate |
|---|---|
| XCD 0 – XCD 22K | 0% |
| XCD 22K – XCD 32K | 10% |
| XCD 32K – XCD 42K | 20% |
| XCD 42K – XCD 62K | 30% |
| XCD 62K+ | 32.5% |
Corporate Tax
SVG imposes a 30% corporate income tax. International Business Companies (IBCs) registered in SVG may be exempt from local taxation on foreign-source income.
Standard Rate
30%
Capital Gains Tax
SVG does not impose a capital gains tax.
Rate
0%
VAT / Sales Tax
SVG levies a 16% VAT on most goods and services. A reduced rate of 11% applies to hotel accommodations. Basic food items, medicines, and exports are zero-rated.
Standard Rate
16%
Cryptocurrency Tax
SVG does not have specific cryptocurrency legislation. The country has attracted some crypto and fintech companies to register as IBCs, though regulatory oversight has increased.
Tax Treaties
SVG has a very limited tax treaty network, benefiting from the CARICOM multilateral agreement.
Treaty Network
2
Double taxation agreements
Major treaty partners:
Key Details
Relocate to Saint Vincent and the Grenadines
See how much you could save by moving here from your current country.
$-1,488
Tax in United States
$24K
24.4% effective
Tax in Saint Vincent and the Grenadines
$26K
25.9% effective
Additional Cost
6.1%
more 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.
