WorldTax Compareโ† All Comparisons

Saint Vincent and the Grenadines vs Grenada
Tax Rate Comparison

Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.

๐Ÿ‡ป๐Ÿ‡จ Saint Vincent and the Grenadines
vs
๐Ÿ‡ฌ๐Ÿ‡ฉ Grenada
Tax Year:

๐Ÿ’ฐ Personal Income Tax Calculator

Enter your income to see your estimated annual tax liability in each country โ€” side by side.

Enter your annual income above to see your personal tax comparison โ†’
Individual Income Tax (Top Marginal Rate)
Top Income Tax Rate
0โ€“30%
No change
0โ€“30%
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
15%
No change
15%
No change
Corporate Tax Rate
Corporate Tax Rate
30%
No change
28%
No change
Capital Gains Tax
Capital Gains Tax
0%
No change
0%
No change
Social Security & Payroll
Social Security / Payroll
3.5% + 4.5%
No change
4% + 5%
No change
State, Regional & Local Taxes

๐Ÿ‡ป๐Ÿ‡จ 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.

๐Ÿ‡ฌ๐Ÿ‡ฉ 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.

โš ๏ธ Disclaimer: Rates shown are standard top/headline rates for informational purposes. Actual tax liability depends on income level, residency, deductions, and tax treaties. 2025โ€“2026 data reflects announced or enacted rates and may be subject to change. Not financial or legal advice.

Saint Vincent and the Grenadines vs Grenada: Key Tax Differences (2026)

๐Ÿ’ฐ Income Tax: Saint Vincent and the Grenadines and Grenada have similar top income tax rates (0โ€“30% vs 0โ€“30%).

๐Ÿ›’ VAT/Sales Tax: Both countries have comparable consumption tax rates (15% vs 15%).

๐Ÿข Corporate Tax: ๐Ÿ‡ฌ๐Ÿ‡ฉ Grenada offers a lower corporate rate (28% vs 30%), which can influence business location decisions.

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