- Brackets updated
Refreshed from Income Tax Act and SROs 1/2014, 2/2017, 25/2018; NIS 6.25%/7.25% and cap XCD 62,400; `data_year` 2026; replaced ImmigrantInvest/imin-caribbean source; added USD brackets and statutory allowance note Source
Top income tax
28.0%
Territorial system
Corporate tax
28.0%
VAT
15.0%
standard rate
Tax residency
183 days
1 tax treaties
Grenada tax profile
Data year: 2026
- Tax system
- Territorial Residents and non-residents pay income tax on Grenada-source income only (Income Tax Act s.8). Foreign-source income is outside assessable income. Companies incorporated or managed and controlled in Grenada are resident; individuals can be resident by 183 daysβ presence, a permanent place of abode, or certain continuous-presence tests (s.2).
- Top PIT rate
- 28.0%
- Corporate tax rate
- 28.0%
- VAT
- 15.0%
- Capital gains tax
- No Capital Gains Tax
- Social security (employee)
- 6.3%
- Social security (employer)
- 7.3%
- Social security cap (annual)
- XCD 62,400
- Dividend withholding
- 15.0%
- Interest withholding
- 15.0%
- Royalty withholding
- 15.0%
- Treaty count
- 1
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 24,000 | 10.0% |
| XCD 24,000 | and above | 28.0% |
Tax flags
Territorial Exemption
Tax residency
- Days threshold
- 183 days
- Residency rules
- Individual tax resident if physically present at least 183 days in the year of assessment, or if maintaining a permanent place of abode in Grenada with some physical presence, subject to Comptroller discretion on extended absences (Income Tax Act s.2). Residents remain taxed only on Grenada-source amounts.
- Exit tax
- No
- CFC rules
- No
Filing information
- Fiscal year
- 01-01 β 12-31
- Filing deadline
- March 31
Sources
- Income Tax Act (Cap. 149) (accessed Oct 9, 2026) Territorial assessable income (s.8); residency 183 days (s.2); 15% non-resident WHT (Third Schedule); statutory allowance s.42A
- SRO 25 of 2018 β Income Tax (Amendment) Order (accessed Oct 9, 2026) Fifth Schedule 30% replaced with 28% from 1 January 2019 (PIT and CIT)
- SRO 2 of 2017 β Income Tax (Amendment) Order (accessed Oct 9, 2026) Fifth Schedule first individual band 15% reduced to 10% from 1 January 2017
- SRO 1 of 2014 β Income Tax (Amendment) Order (accessed Oct 9, 2026) Fifth Schedule 10%/30% bands on chargeable income; s.42A allowance XCD 36,000
- Value Added Tax Act (Cap. 333A) (accessed Oct 9, 2026) Standard VAT 15%; 10% hotel accommodation and dive packages (s.8)
- Grenada NIS β employer contributions (accessed Oct 9, 2026) 2026 rates 6.25% employee and 7.25% employer; insurable ceiling XCD 5,200/month
- IRD β G-TAX FAQ (withholding tax) (accessed Oct 9, 2026) 15% withholding on payments to non-residents; PAYE/CIT/VAT online filing