Caribbean & Atlantic
St Vincent and the Grenadines: tax at a glance
Progressive income tax up to 30%, corporate tax around 28% and a 16% VAT. A 2026 budget announced cuts to the corporate rate and a higher personal allowance.
Worldwide (residence-based)
Last verified July 2026
The taxes
- Personal income (top)
- 30%
- Corporate income
- 28%
- Capital gains
- None. There is no capital gains tax.
- VAT
- 16%
- Dividends (WHT)
- 15%
- Interest (WHT)
- 20%
- Royalties (WHT)
- 20%
- Social security (employee)
- ~4.5%
- Social security (employer)
- ~5.5%
- Wealth tax
- None
- Inheritance / estate
- None
- Property tax
- An annual property tax based on market or rental value.
- Other
- A corporate income tax cut was announced in the December 2025 budget, though the new rate has not yet been confirmed.
How the system works
- Tax system
- Worldwide (residence-based)
- Foreign income
- Taxed (worldwide)
- Taxes by citizenship
- No
- Exit tax
- No
- CFC rules
- No
- CRS
- Participating
The rates below are indicative headline figures (top marginal, standard, and headline rates), reviewed 2026-07. Brackets, surcharges, and state, provincial or cantonal taxes vary. Treat this as a reference map, not advice.
Sources (1)
Frequently asked
What is the income tax rate in St Vincent and the Grenadines?
The top marginal personal income tax rate in St Vincent and the Grenadines is 30%. This is progressive, with a top rate of 30%. The 2026 budget raised the personal allowance and threshold.
What is the corporate tax rate in St Vincent and the Grenadines?
The headline corporate income tax rate is 28%.
Does St Vincent and the Grenadines tax capital gains?
Capital gains for individuals: None. There is no capital gains tax..