GD · Americas · XCD

Grenada

Tax rates

0102030405060World avg (corporate) 22.6%Capital Gains · Crypto — 0%VAT 15%Corporate 28%Income 30%

No verified data yet for: Wealth Tax.

Estimate your income tax

Enter a gross annual salary to estimate 2015 national income tax for Grenada using verified brackets — total tax, effective and marginal rate, net income, and the per-band breakdown. National income tax only; social contributions and sub-national taxes are excluded unless the notes say otherwise. The full calculator covers every country with verified rates.

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Brackets & notes

Income Tax

Thresholds in XCD
ThresholdRate
XCD 00%
XCD 36,00115%
XCD 60,00130%
Source: Grenada Ministry of Finance — All you need to know about Personal Income Tax · as of 2015-08-14

Grenada taxes resident individuals' income above an EC$36,000 annual exemption at 15% up to EC$60,000, and at 30% on the excess above EC$60,000.

Capital Gains Tax

Grenada's Income Tax Act enumerates assessable income as gains or profits from business, employment, rentals and royalties, interest, and similar specified sources, with no capital gains category listed among them. The Inland Revenue Division's own list of administered taxes, covering income tax, property tax, property transfer tax, VAT, and several licence fees, includes no capital gains tax.

Crypto Tax

Grenada has no cryptocurrency-specific tax guidance. Section 29 of the Income Tax Act 1994 defines assessable income as gains or profits from business, employment, rentals and royalties, interest, discounts, premiums, commissions, fees and licence charges, and annuities, plus a residual catch-all for gains not otherwise included; no capital-gains or investment-gains category is separately enumerated.