Grenada vs Montenegro: tax rates compared

Income Tax

Income Tax, side by side

Country	Rate	Source
Grenada	30%	Source: Grenada Ministry of Finance — All you need to know about Personal Income Tax · as of 2026-07-20
Montenegro	15%	Source: PWC Worldwide Tax Summaries — Montenegro (Individual, Taxes on personal income) · as of 2026-03-27
Difference	+15 pp	Grenada higher

Corporate Tax

Corporate Tax, side by side

Country	Rate	Source
Grenada	28%	Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01
Montenegro	15%	Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01
Difference	+13 pp	Grenada higher

Grenada has a corporate tax rate of 28%, 13pp above Montenegro's 15%. The 201-country average is 22.6%: Grenada sits above it, Montenegro sits below it.

VAT

VAT, side by side

Country	Rate	Source
Grenada	15%	Source: Grenada Ministry of Finance — VAT and the Consumer · as of 2010-02-01
Montenegro	21%	Source: PWC Worldwide Tax Summaries — Montenegro (Corporate, Other taxes) · as of 2026-03-27
Difference	−6 pp	Montenegro higher

Montenegro has a VAT rate of 21%, 6pp above Grenada's 15%. The 181-country average is 15%: Grenada matches the world average, Montenegro sits above it. Grenada's figure is dated 2010-02-01 and Montenegro's 2026-03-27, so the two rates come from different data vintages.

Capital Gains Tax

Capital Gains Tax, side by side

Country	Rate	Source
Grenada	0%	Source: Grenada Inland Revenue Division — Income Tax · as of 2026-07-19
Montenegro	15%	Source: PwC Worldwide Tax Summaries — Montenegro (Individual, Income determination) · as of 2026-03-27
Difference	−15 pp	Montenegro higher

Montenegro has a capital gains tax rate of 15%, 15pp above Grenada's 0%. The 175-country average is 10.3%: Grenada sits below it, Montenegro sits above it.