GD · AmericasNI · Americas
Grenada vs Nicaragua: tax rates compared
Grenada's income tax rate is identical to Nicaragua's — both sit at 30%. The 200-country average is 28%: both sit above 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 | NI | Difference |
|---|---|---|---|
| Income Tax | 30% | 30% | match |
| Corporate Tax | 28% | 30% | NI +2 pp |
| VAT | 15% | 15% | match |
| Capital Gains Tax | 0% | 15% | NI +15 pplargest gap |
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 |
| Nicaragua | 30% | Source: PWC Worldwide Tax Summaries — Nicaragua (Individual, Taxes on personal income) · as of 2026-01-12 |
| Difference | 0 pp | displayed rates match |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Grenada | 28% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Nicaragua | 30% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −2 pp | Nicaragua higher |
Nicaragua's corporate tax rate is 2pp higher than Grenada's (30% vs 28%). The 201-country average is 22.6%: both sit above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Grenada | 15% | Source: Grenada Ministry of Finance — VAT and the Consumer · as of 2010-02-01 |
| Nicaragua | 15% | Source: PWC Worldwide Tax Summaries — Nicaragua (Corporate, Other taxes) · as of 2026-01-12 |
| Difference | 0 pp | displayed rates match |
Grenada's VAT rate is identical to Nicaragua's — both sit at 15%. The 181-country average is 15%: Grenada matches the world average, Nicaragua matches the world average. Grenada's figure is dated 2010-02-01 and Nicaragua's 2026-01-12, 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 |
| Nicaragua | 15% | Source: EY Worldwide Personal Tax and Immigration Guide 2025-26 — Nicaragua · as of 2025-10-01 |
| Difference | −15 pp | Nicaragua higher |
Nicaragua's capital gains tax rate is 15pp higher than Grenada's (15% vs 0%). The 175-country average is 10.3%: Grenada sits below it, Nicaragua sits above it. Grenada's figure is dated 2026-07-19 and Nicaragua's 2025-10-01, so the two rates come from different data vintages.
Not covered for both countries yet: Crypto Tax, Wealth Tax.