- Top income tax rate 30 40
- Brackets updated
migrated from the production database; research reasoning not recorded.
Top income tax
40.0%
Worldwide system
Corporate tax
30.0%
VAT/GST
None
standard rate
Tax residency
183 days
1 tax treaties
Montserrat tax profile
Data year: 2026
- Tax system
- Worldwide British Overseas Territory. Residents pay income tax on worldwide income under the Income and Corporation Tax Act (Cap. 17.01). Companies pay tax on chargeable income at a flat 30%. There is no general VAT; import duties apply on goods. International business companies follow separate legislation.
- Top PIT rate
- 40.0%
- Corporate tax rate
- 30.0%
- VAT/GST
- No VAT/GST
- Capital gains tax
- No Capital Gains Tax
- Social security (employee)
- 7.0%
- Social security (employer)
- 8.0%
- Social security cap (annual)
- XCD 48,000
- Dividend withholding
- 15.0%
- Interest withholding
- 20.0%
- Royalty withholding
- 20.0%
- Treaty count
- 1
Income tax brackets
Corporate
| Bracket min | Bracket max | Rate |
|---|---|---|
| XCD 0 | and above | 30.0% |
Personal income
| Bracket min | Bracket max | Rate |
|---|---|---|
| XCD 0 | XCD 7,000 | 5.0% |
| XCD 7,001 | XCD 17,000 | 20.0% |
| XCD 17,001 | XCD 27,000 | 25.0% |
| XCD 27,001 | XCD 150,000 | 30.0% |
| XCD 150,001 | and above | 40.0% |
Social security
| Bracket min | Bracket max | Rate |
|---|---|---|
| XCD 0 | XCD 48,000 | 7.0% |
Tax residency
- Days threshold
- 183 days
- Residency rules
- An individual is resident for a year of assessment (calendar year) if they have a permanent place of abode in Montserrat and are physically present for some time in the basic year, or if they are physically present for at least 183 days in the basic year, or if presence links to residence in an adjacent year under the statutory continuity rule. Companies and trusts follow separate tests in the Act.
- Exit tax
- No
- CFC rules
- No
Filing information
- Fiscal year
- 01-01 – 12-31
- Filing deadline
- March 31
Sources
- Income and Corporation Tax Act (Cap. 17.01) (accessed Oct 9, 2026) Worldwide PIT and CIT, residency, returns, Schedule 1 WHT, fiscal year 1 January
- Income and Corporation Tax (Amendment) Act 2024 (No. 20) (accessed Oct 9, 2026) PIT bands from 2024, XCD 18,000 personal allowance
- MCRS — Inland Revenue (accessed Oct 9, 2026) Tax authority contact, 2024 tax tables notice, income tax calculator
- Social Security Fund — 2026 contribution rates (accessed Oct 9, 2026) Employee 7%, employer 8% from 1 January 2026
- Social Security Contributions Amendment Regulations S.R.O. 8/2022 (accessed Oct 9, 2026) Insurable earnings ceiling XCD 4,000 per month (2025–2026 schedule)
- HMRC — Montserrat tax treaties (accessed Oct 9, 2026) UK–Montserrat double taxation arrangement in force