Grenada
Grenada charges income tax on all incomes over EC$60,000 a year at 30%; there is also a 3% national reconstruction levy for all employees whose incomes exceed EC$1,000 a month. Grenada has no inheritance tax or capital gains tax.
Corporation tax is charged at 30%; IBCs (which can be incorporated under Grenadian law) are exempted from this.
There is a form of VAT, called General Consumption Tax, and this applies to most goods and services at rates up to 25%. This is to be replaced by VAT from 1 January 2010.
Alien Landholder’s Licence fees are set at 10% of property values; in addition, there is a transfer tax payable of 15% for foreign buyers, and foreign sellers also pay a 15% charge. Stamp duty is 1%.
Grenada is part of Caricom, has tax treaties with the UK and South Africa, and a tax information exchange agreement with the USA.
