GD · AmericasIM · Europe
Grenada vs Isle of Man: tax rates compared
Between the two, Grenada's income tax rate (30%) tops Isle of Man's (21%) by 9pp. The 200-country average is 28%: Grenada sits above it, Isle of Man sits below it.
Verified data covers four of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | GD | IM | Difference |
|---|---|---|---|
| Income Tax | 30% | 21% | GD +9 pp |
| Corporate Tax | 28% | 0% | GD +28 pplargest gap |
| VAT | 15% | 20% | IM +5 pp |
| Capital Gains Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Grenada | 30% | Source: Grenada Ministry of Finance — All you need to know about Personal Income Tax · as of 2026-07-20 |
| Isle of Man | 21% | Source: PWC Worldwide Tax Summaries — Isle of Man (Individual, Taxes on personal income) · as of 2026-02-06 |
| Difference | +9 pp | Grenada higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Grenada | 28% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Isle of Man | 0% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | +28 pp | Grenada higher |
Between the two, Grenada's corporate tax rate (28%) tops Isle of Man's (0%) by 28pp. The 201-country average is 22.6%: Grenada sits above it, Isle of Man sits below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Grenada | 15% | Source: Grenada Ministry of Finance — VAT and the Consumer · as of 2010-02-01 |
| Isle of Man | 20% | Source: PWC Worldwide Tax Summaries — Isle of Man (Corporate, Other taxes) · as of 2026-02-06 |
| Difference | −5 pp | Isle of Man higher |
Between the two, Isle of Man's VAT rate (20%) tops Grenada's (15%) by 5pp. The 181-country average is 15%: Grenada matches the world average, Isle of Man sits above it. Grenada's figure is dated 2010-02-01 and Isle of Man's 2026-02-06, so the two rates come from different data vintages.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Grenada | 0% | Source: Grenada Inland Revenue Division — Income Tax · as of 2026-07-19 |
| Isle of Man | 0% | Source: PWC Worldwide Tax Summaries — Isle of Man (Individual, Income determination) · as of 2026-02-06 |
| Difference | 0 pp | displayed rates match |
There's no gap here — Grenada and Isle of Man both post a capital gains tax rate of 0%. The 175-country average is 10.3%: both sit below it.
Not covered for both countries yet: Crypto Tax, Wealth Tax.