- Top income tax rate 30 28
- Corporate tax rate 30 28
- Income tax brackets updated
Top income tax
28.0%
Worldwide system
Corporate tax
28.0%
VAT
16.0%
standard rate
Tax residency
183 days
8 tax treaties
Saint Vincent and the Grenadines tax profile
Data year: 2026
- Tax system
- Worldwide Residents are taxed on worldwide income under the Income Tax Act. Companies pay corporate income tax on business profits. Value added tax applies to taxable supplies. Pay-as-you-earn withholding follows the published tax tables on chargeable income after the annual standard deduction.
- Top PIT rate
- 28.0%
- Corporate tax rate
- 28.0%
- VAT
- 16.0%
- Capital gains tax
- No Capital Gains Tax
- Social security (employee)
- 6.5%
- Social security (employer)
- 7.5%
- Social security cap (annual)
- XCD 62,400
- Dividend withholding
- 0.0%
- Interest withholding
- 15.0%
- Royalty withholding
- 20.0%
- Treaty count
- 8
Income tax brackets
Corporate
| Bracket min | Bracket max | Rate |
|---|---|---|
| XCD 0 | and above | 28.0% |
Personal income
| Bracket min | Bracket max | Rate |
|---|---|---|
| XCD 0 | XCD 5,000 | 10.0% |
| XCD 5,001 | XCD 10,000 | 20.0% |
| XCD 10,001 | and above | 28.0% |
Tax residency
- Days threshold
- 183 days
- Residency rules
- An individual is resident if physically present for at least 183 days in the year of assessment, if they have a permanent place of abode in Saint Vincent and the Grenadines and are present for any part of the year (subject to limited exceptions for education, medical treatment or government service), or if presence in the year links with prior or following-year presence to meet the 183-day test. Non-residents are taxed on income from sources in Saint Vincent and the Grenadines.
- Exit tax
- No
- CFC rules
- No
Filing information
- Fiscal year
- 01-01 – 12-31
- Filing deadline
- March 31
Sources
- IRD — Taxes administered (accessed Oct 9, 2026) CIT 28%, VAT 16%, PIT filing 31 March, WHT rates, PAYE links
- IRD — PAYE tax tables (effective 1 January 2024) (accessed Oct 9, 2026) Chargeable-income bands at 10%, 20% and 28%
- IRD — Standard deduction (accessed Oct 9, 2026) XCD 25,000 annual standard deduction for 2024 and 2025
- Income Tax Act Cap. 435 (IRD) (accessed Oct 9, 2026) Worldwide income for residents; 183-day and permanent-abode residency tests
- NIS — Employer’s guide (accessed Oct 9, 2026) Insurable earnings ceiling XCD 62,400 per year
- NIS — contribution rate schedule (pension reform) (accessed Oct 9, 2026) 14% total from 1 January 2026 (6.5% employee, 7.5% employer)
- US Department of State — Investment Climate (SVG) (accessed Oct 9, 2026) Bilateral income-tax treaty partners listed; UAE DTA 2018