Back To Top

Your Lowtax Account

Saint Vincent and the Grenadines: Domestic Taxation

Personal Taxation

Income tax is levied on all persons whose chargeable income is more than EC$18,000 per annum. Rates range from 10% to 32.5%. There is no capital gains tax.

A Value Added Tax (VAT) was introduced on 1 May 2007. The introduction of VAT replaced the five different consumption taxes, which were charged at rates of up to 55%, with one tax at a standard rate of 15%.

Although the standard rate is 15%, there is a reduced rate of 10% for hotel accommodation.

In addition to this, some commodities - including cars, petrol products, alcohol and cigarettes - are subject to an Excise Tax (at varying rates).

National Insurance (social security) Contributions are payable from salary up to EC$51,996 per annum at the following rates (2011):

  • Employer: 4.5%
  • Employee: 3.5%

Foreign nationals working in Saint Vincent and The Grenadines are subject to the same tax rate as nationals.



Back to Saint Vincent and the Grenadines Index »

Contributions for Saint Vincent And The Grenadines

See More Contributions

Latest Saint Vincent And The Grenadines Questions

There are currently no Saint Vincent And The Grenadines questions. Ask one here.

Saint Vincent And The Grenadines Service Providers

Wilfred Services Ltd's logo Worldwide Incorporation Services Saint Vincent and the Grenadines's logo