28% standard rate for 2026, confirmed via a payroll-compliance source (April 2026) and corroborated by KPMG official tax alert (December 2025) confirming the government announced a corporate income tax rate cut effective for 2026 - older sources citing 30% predate this reform and are superseded. Approved enterprises may qualify for reduced rates under the Fiscal Incentives Act.
Progressive on worldwide income for residents (non-residents taxed on local-source income only), 0% to a 30% top rate, confirmed via two independent 2026 sources. KPMG also confirms the government increased the personal income tax exempt threshold for 2026 as part of the same reform package that cut the corporate rate.
16% standard VAT (in effect since May 2017); 11% reduced rate for the hotel sector.
Confirmed via Saint Vincent and the Grenadines' own Income Tax Act interpretation section, submitted directly to the OECD: an individual is resident if their permanent place of abode is in SVG and they are physically present there for some period during the tax year, unless the Comptroller is satisfied their absence was for education, medical treatment, government duties abroad, or similar reasons; a secondary day-count framing used elsewhere puts this at more than 183 days in a calendar year. A company is resident if incorporated in SVG and managed and controlled there, or simply if incorporated in SVG. Resident individuals are generally taxed on worldwide income, but non-domiciled residents (foreign nationals resident in SVG without SVG domicile) are taxed on foreign-source income only to the extent it is remitted to a local SVG bank account - a remittance-basis carve-out rather than a fully worldwide or fully territorial system.
No CFC regime was found in SVG's Income Tax Act or in any secondary source addressing SVG's international tax framework. This is consistent with SVG's overall design: the jurisdiction's own domestic corporate tax base is narrow (no capital gains tax, no withholding tax on royalties to residents, and a 25-year total tax exemption for international business companies and LLCs meeting statutory offshore-activity conditions under the Limited Liability Companies Act), leaving little structural role for an attribution regime aimed at undistributed foreign subsidiary profits.
No thin capitalization ratio or related-party interest-deduction cap was found for Saint Vincent and the Grenadines.
SVG has no domestic FBAR/Form 8938-equivalent requiring its residents to self-report foreign accounts. SVG signed a FATCA intergovernmental agreement with the United States in 2014 (Vincentian financial institutions report US-linked account data), and separately implemented the OECD Common Reporting Standard for automatic exchange of account information in 2016 - though note that SVG-registered LLCs and IBCs meeting statutory offshore-activity conditions are carved out of ordinary SVG tax and, per some offshore-services sources, largely outside automatic information exchange in practice; confirm the current scope directly with SVG's Inland Revenue Department for any specific entity. Separately and independently of SVG law, US citizens and Green Card holders with SVG accounts remain obligated to file FinCEN Form 114 (FBAR) once aggregate foreign accounts exceed USD 10,000, and potentially Form 8938, regardless of SVG's own domestic requirements.
SVG maintains double tax treaties with the United States, Canada, Denmark, Norway, Sweden, Switzerland, and the United Kingdom, plus a separate double taxation treaty with the UAE. SVG has not signed a bilateral investment treaty with the United States, though it has signed reciprocal investment-protection agreements with Germany and the UAE. As a CARICOM member under the Revised Treaty of Chaguaramas, SVG-based investors also get preferential access to the wider CARICOM single market, and CARICOM itself maintains bilateral agreements with Cuba, Colombia, Costa Rica, the Dominican Republic, and Venezuela.