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Saint Vincent and the Grenadines vs Trinidad and Tobago: tax rates compared
Trinidad and Tobago has an income tax rate of 30%, 2pp above Saint Vincent and the Grenadines's 28%. The 200-country average is 28%: Saint Vincent and the Grenadines matches the world average, Trinidad and Tobago sits above it. Saint Vincent and the Grenadines's figure is dated 2024-01-01 and Trinidad and Tobago's 2026-06-02, so the two rates come from different data vintages.
Verified data covers five of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | VC | TT | Difference |
|---|---|---|---|
| Income Tax | 28% | 30% | TT +2 pp |
| Corporate Tax | 28% | 30% | TT +2 pp |
| VAT | 16% | 12.5% | VC +3.5 pplargest gap |
| Capital Gains Tax | 0% | 0% | match |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Saint Vincent and the Grenadines | 28% | Source: Saint Vincent and the Grenadines Inland Revenue Department — PAYE Tax Tables (Code 245) · as of 2024-01-01 |
| Trinidad and Tobago | 30% | Source: PWC Worldwide Tax Summaries — Trinidad and Tobago (Individual, Taxes on personal income) · as of 2026-06-02 |
| Difference | −2 pp | Trinidad and Tobago higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Saint Vincent and the Grenadines | 28% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Trinidad and Tobago | 30% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −2 pp | Trinidad and Tobago higher |
Trinidad and Tobago has a corporate tax rate of 30%, 2pp above Saint Vincent and the Grenadines's 28%. The 201-country average is 22.6%: both sit above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Saint Vincent and the Grenadines | 16% | Source: EY Worldwide VAT, GST and Sales Tax Guide 2026 — Saint Vincent and the Grenadines · as of 2026-01-01 |
| Trinidad and Tobago | 12.5% | Source: PWC Worldwide Tax Summaries — Trinidad and Tobago (Corporate, Other taxes) · as of 2026-06-02 |
| Difference | +3.5 pp | Saint Vincent and the Grenadines higher |
Saint Vincent and the Grenadines has a VAT rate of 16%, 3.5pp above Trinidad and Tobago's 12.5%. The 181-country average is 15%: Saint Vincent and the Grenadines sits above it, Trinidad and Tobago sits below it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Saint Vincent and the Grenadines | 0% | Source: Laws of Saint Vincent and the Grenadines — Income Tax Act, Cap. 435, Section 33 (Assessable income: general) · as of 2026-07-19 |
| Trinidad and Tobago | 0% | Source: PWC Worldwide Tax Summaries — Trinidad and Tobago (Individual, Income determination) · as of 2026-06-02 |
| Difference | 0 pp | displayed rates match |
Saint Vincent and the Grenadines and Trinidad and Tobago share the same capital gains tax rate: 0%. The 175-country average is 10.3%: both sit below it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Saint Vincent and the Grenadines | 0% | Source: Saint Vincent and the Grenadines Inland Revenue Department — Taxes · as of 2026-07-18 |
| Trinidad and Tobago | 0% | Source: PWC Worldwide Tax Summaries — Trinidad and Tobago (Individual, Other taxes) · as of 2026-06-02 |
| Difference | 0 pp | displayed rates match |
Saint Vincent and the Grenadines and Trinidad and Tobago share the same wealth tax rate: 0%. The 193-country average is 0.1%: both sit below it.
Not covered for both countries yet: Crypto Tax.