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
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.
addition to this, some commodities - including
cars, petrol products, alcohol and cigarettes
- are subject to an Excise Tax (at varying
National Insurance (social security) Contributions
are payable from salary up to EC$51,996 per
annum at the following rates (2011):