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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) | |
| 30,000 - 100,000 (US$37,037) | |
| 100,000 - 20,000,000 (US$7,407,407) | |
| 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.
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