GD · AmericasSO · Africa
Grenada vs Somalia: tax rates compared
Between the two, Grenada's income tax rate (30%) tops Somalia's (18%) by 12pp. The 200-country average is 28%: Grenada sits above it, Somalia sits below it. Grenada's figure is dated 2026-07-20 and Somalia's 2025-11-01, so the two rates come from different data vintages.
Verified data covers two of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | GD | SO | Difference |
|---|---|---|---|
| Income Tax | 30% | 18% | GD +12 pp |
| Corporate Tax | 28% | 15% | GD +13 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 |
| Somalia | 18% | Source: Ministry of Finance, Federal Republic of Somalia — Income Tax Manual (for the Income Tax Law 2025 & Income Tax Regulations 2025) · as of 2025-11-01 |
| Difference | +12 pp | Grenada higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Grenada | 28% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Somalia | 15% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | +13 pp | Grenada higher |
Between the two, Grenada's corporate tax rate (28%) tops Somalia's (15%) by 13pp. The 201-country average is 22.6%: Grenada sits above it, Somalia sits below it.
Not covered for both countries yet: VAT, Capital Gains Tax, Crypto Tax, Wealth Tax.