GD · AmericasLY · Africa
Grenada vs Libya: tax rates compared
Grenada's income tax rate is 20pp higher than Libya's (30% vs 10%). The 200-country average is 28%: Grenada sits above it, Libya 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 | LY | Difference |
|---|---|---|---|
| Income Tax | 30% | 10% | GD +20 pplargest gap |
| Corporate Tax | 28% | 20% | GD +8 pp |
| VAT | 15% | 0% | GD +15 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 |
| Libya | 10% | Source: PWC Worldwide Tax Summaries — Libya (Individual, Taxes on personal income) · as of 2026-05-31 |
| Difference | +20 pp | Grenada higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Grenada | 28% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Libya | 20% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | +8 pp | Grenada higher |
Grenada's corporate tax rate is 8pp higher than Libya's (28% vs 20%). The 201-country average is 22.6%: Grenada sits above it, Libya sits below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Grenada | 15% | Source: Grenada Ministry of Finance — VAT and the Consumer · as of 2010-02-01 |
| Libya | 0% | Source: PWC Worldwide Tax Summaries — Libya (Corporate, Other taxes) · as of 2026-05-31 |
| Difference | +15 pp | Grenada higher |
Grenada's VAT rate is 15pp higher than Libya's (15% vs 0%). The 181-country average is 15%: Grenada matches the world average, Libya sits below it. Grenada's figure is dated 2010-02-01 and Libya's 2026-05-31, 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 |
| Libya | 0% | Source: PWC Worldwide Tax Summaries — Libya (Individual, Taxes on personal income) · as of 2026-05-31 |
| Difference | 0 pp | displayed rates match |
Grenada's capital gains tax rate is identical to Libya's — both sit at 0%. The 175-country average is 10.3%: both sit below it.
Not covered for both countries yet: Crypto Tax, Wealth Tax.