GD · AmericasPY · Americas
Grenada vs Paraguay: tax rates compared
Between the two, Grenada's income tax rate (30%) tops Paraguay's (10%) by 20pp. The 200-country average is 28%: Grenada sits above it, Paraguay 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 | PY | Difference |
|---|---|---|---|
| Income Tax | 30% | 10% | GD +20 pplargest gap |
| Corporate Tax | 28% | 10% | GD +18 pp |
| VAT | 15% | 10% | GD +5 pp |
| Capital Gains Tax | 0% | 8% | PY +8 pp |
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 |
| Paraguay | 10% | Source: PWC Worldwide Tax Summaries — Paraguay (Individual, Taxes on personal income) · as of 2026-02-07 |
| Difference | +20 pp | Grenada higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Grenada | 28% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Paraguay | 10% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | +18 pp | Grenada higher |
Between the two, Grenada's corporate tax rate (28%) tops Paraguay's (10%) by 18pp. The 201-country average is 22.6%: Grenada sits above it, Paraguay sits below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Grenada | 15% | Source: Grenada Ministry of Finance — VAT and the Consumer · as of 2010-02-01 |
| Paraguay | 10% | Source: PWC Worldwide Tax Summaries — Paraguay (Corporate, Other taxes) · as of 2026-02-07 |
| Difference | +5 pp | Grenada higher |
Between the two, Grenada's VAT rate (15%) tops Paraguay's (10%) by 5pp. The 181-country average is 15%: Grenada matches the world average, Paraguay sits below it. Grenada's figure is dated 2010-02-01 and Paraguay's 2026-02-07, 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 |
| Paraguay | 8% | Source: PWC Worldwide Tax Summaries — Paraguay (Individual, Taxes on personal income) · as of 2026-02-07 |
| Difference | −8 pp | Paraguay higher |
Between the two, Paraguay's capital gains tax rate (8%) tops Grenada's (0%) by 8pp. The 175-country average is 10.3%: both sit below it.
Not covered for both countries yet: Crypto Tax, Wealth Tax.