Sources vary between 25% and 28% on net profits for resident and non-resident companies (non-residents taxed on Grenada-source profit only) - confirm the current rate directly with Grenada's Inland Revenue Division before relying on a specific figure.
Two brackets: 10% on the first EC$24,000 of taxable income, 28% on income above that threshold.
15% standard VAT.
Individual tax residency is generally established by residing in Grenada for a minimum of 183 days within the fiscal year, per available sources. Grenada does not tax worldwide income, capital gains, inheritance, or wealth for individuals - residents are taxed on income earned within Grenada, and non-residents on Grenada-source income only. Domestic companies (incorporated or registered as an external business in Grenada) pay corporate tax on global income; non-resident companies are generally exempt on foreign-sourced income but taxed on Grenada-source income, subject to a 15% withholding tax on payments including dividends, interest, and royalties to non-residents (no withholding tax applies to payments made to Grenada citizens or residents).
Confirmed via multiple independent sources: Grenada does not enforce Controlled Foreign Corporation regulations, allowing tax residents to own offshore companies without CFC-style attribution of the foreign entity's income.
No statutory thin capitalization ratio or interest-limitation rule was identified in available sources for Grenada.
No domestic FBAR/Form 8938-equivalent requiring Grenada residents to self-report their own foreign accounts was identified. Grenada shares tax information with other countries under both CRS and FATCA - under CRS, over a hundred countries (including the UK, Australia, Canada, and EU member states) exchange taxpayer name, TIN, and date/place-of-birth information, among other data. Separately and independently of Grenada law, US citizens and Green Card holders with Grenada accounts remain obligated to file FinCEN Form 114 (FBAR) once aggregate foreign accounts exceed USD 10,000, and potentially Form 8938 - notably relevant given Grenada's popular Citizenship by Investment program (USD 200,000 National Transformation Fund contribution or USD 270,000+ real estate investment), which provides no relief from US tax obligations for US persons.
Grenada maintains a limited treaty network of 3 double taxation agreements per TaxAtlas: the multilateral CARICOM Double Taxation Agreement (Grenada ratified March 1, 1996, per the CARICOM Secretariat's own treaty records, alongside Antigua, Belize, Dominica, Guyana, Jamaica, Saint Kitts/Nevis, Saint Lucia, Saint Vincent, and Trinidad and Tobago) plus a separate bilateral treaty with the United Kingdom. Grenada does not have a double tax treaty with the United States - income earned in Grenada by a US taxpayer can be taxed in full by both countries, since no bilateral relief mechanism exists between them. Grenada is reported to be actively negotiating additional treaties to expand its network beyond these two relationships.