Saint Vincent and the Grenadines vs Brazil
Tax Rate Comparison
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๐ฐ Personal Income Tax Calculator
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๐ป๐จ Saint Vincent and the Grenadines โ SVG Tax System
Saint Vincent and the Grenadines taxes individual income at progressive rates up to 30%. No capital gains tax. VAT of 15% was introduced in 2007. The country is developing its offshore financial sector and Citizenship by Investment programme. Banana exports and tourism are key economic pillars.
๐ง๐ท Brazil โ State & Municipal Taxes
Brazil has one of the world's most complex tax systems. States levy ICMS at 7%โ18% varying by state. Municipalities levy ISS (services tax) at 2%โ5% and IPTU (urban property tax). A sweeping tax reform (EC 132/2023) is gradually replacing ICMS/ISS with unified IBS and CBS taxes through 2033. States impose ITCMD (inheritance/gift tax) up to 8%.
Saint Vincent and the Grenadines vs Brazil: Key Tax Differences (2026)
๐ฐ Income Tax: ๐ป๐จ Saint Vincent and the Grenadines has a higher top income tax rate (0โ30% vs 0โ27.5%). ๐ง๐ท Brazil is more favourable for high earners.
๐ VAT/Sales Tax: Brazil has a higher consumption tax (15% vs ~27.5% combined).
๐ข Corporate Tax: ๐ป๐จ Saint Vincent and the Grenadines offers a lower corporate rate (30% vs 34%), which can influence business location decisions.
๐ Capital Gains: ๐ป๐จ Saint Vincent and the Grenadines taxes investment gains at a lower rate (0% vs 22.5%), benefiting investors.