Grenada: Taxes and Costs

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Last Updated: Jan 20, 2009

Income tax is moderate in Grenada

INDIVIDUAL TAXATION

Non-residents are taxed on their income from sources in Grenada.

INCOME TAX

Income earned by non-resident individuals is subject to a flat rate of 15%, withheld at source. Rental income earned by non-residents is subject to the withholding tax, withheld by the tenant.

Annual Stamp Tax

This is a tax on gross receipts, replacing stamp on bills. Gross receipts include investment income, rental income, interest income dividends and other income not of a capital nature. The rates are:

ANNUAL STAMP TAX
TAX BASE, ECD (US$)	TAX RATE
Up to 30,000 (US$11,111)	nil
30,000 - 100,000 (US$37,037)	0.25%
100,000 - 20,000,000 (US$7,407,407)	0.5%
Source: Global Property Guide

CAPITAL GAINS
There is no tax on capital gains in Grenada.

PROPERTY TAX

Property Tax

Property tax is levied on all real property n Grenada, payable by the owner or by the tenant, according to the lease agreement. The tax is levied on the market value of the property and a taxable rate is applied based on the classification of the property.

For residential properties, the tax is levied at 0.1% on land value and 0.15% on the structure/ building value.

Grenada - more data and information

Guide to buying houses and registering property sales in Grenada

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