Grenada vs Australia
Tax Rate Comparison
Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.
๐ฐ Personal Income Tax Calculator
Enter your income to see your estimated annual tax liability in each country โ side by side.
๐ฌ๐ฉ Grenada โ Grenada Tax System
Grenada imposes income tax at a flat 30% on income above the personal allowance. No capital gains tax applies. VAT is 15%. The Citizenship by Investment programme (among the oldest in the Caribbean) is a significant revenue source. The 'Spice Isle' economy depends heavily on tourism and nutmeg exports.
๐ฆ๐บ Australia โ State & Territory Taxes
Australia's 6 states and 2 territories levy payroll tax (4.75%โ6.85%), stamp duty on property, and land tax on investment properties. There is no state income tax โ income tax is federal only. The Stage 3 tax cuts (effective July 2024) restructured brackets significantly. The ACT is progressively replacing stamp duty with broad-based land value tax. Councils levy rates on property owners.
Grenada vs Australia: Key Tax Differences (2026)
๐ฐ Income Tax: ๐ฆ๐บ Australia has a higher top income tax rate (0โ30% vs 0โ45%). ๐ฌ๐ฉ Grenada is more favourable for high earners.
๐ VAT/Sales Tax: Grenada has a higher consumption tax (15% vs 10%).
๐ข Corporate Tax: ๐ฌ๐ฉ Grenada offers a lower corporate rate (28% vs 30%), which can influence business location decisions.
๐ Capital Gains: ๐ฌ๐ฉ Grenada taxes investment gains at a lower rate (0% vs 22.5%), benefiting investors.