St. Vincent & Grenadines: Taxes and Costs
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Taxes are generally low
Income Tax
Non-resident individuals earning rental income in St. Vincent and the Grenadines are liable to pay withholding tax at a rate of 10% on their gross rent.
Alien Land Holding Tax
Nonresident individuals must pay an annual license fee to hold land in the islands at a flat rate of XCD2,500 (US$926).
In addition, nonresident individuals renting out their property in the islands are subject to the alien land holding tax. This tax is levied at progressive rates on the aggregate rent of the property for the whole duration of the lease.
ALIEN LANDHOLDING TAX |
|
| AGGREGATE RATE, XCD (US$) | TAX RATE |
| Up to 100,000 (US$37,037) | XCD10,000 (US$3,704) |
| 100,000 – 3,000,000 (1,111,111) | 6% on band over US$37,037 |
| Over 3,000,000 (US$1,111,111) | 4% on band over US$1,111,111 |
| * Exchange Rate as of 15 June 2006: 1€ = YTL2.01. | |
Property Tax
In St. Vincent and the Grenadines, property tax is levied annually at a rate of 5% for residential homes. Apartments in St. Vincent and the Grenadines are subject to the lower property tax rate of 2.5%.
There is no capital gains tax in St. Vincent and the Grenadines.
St. Vincent & Grenadines - more data and information
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