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
The taxes
- Personal income (top)
- 30%This is progressive, with a top rate of 30%. The 2026 budget raised the personal allowance and threshold.
- 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.