Americas · Tax guide

Grenada

Grenada taxes company profits at 28% and charges VAT at 15%. Taxes are administered by the Inland Revenue Division.

Updated 2 October 2026 · 0 of 3 figures checked against official sources

Check your obligations

At a glance

Corporate income tax
28%

Resident companies

VAT
15%

Standard rate

Withholding on payments abroad
15%

Before treaty relief

Corporate income tax

Companies pay 28%. Quarterly instalments are paid, and the annual return is due by the end of April.

VAT

VAT is 15%. Returns are filed monthly by the 20th, with a lower rate for hotel accommodation.

Payments abroad

Payments to non-residents carry 15% withholding unless a treaty lowers it. As a member of the Eastern Caribbean Currency Union, it uses the Eastern Caribbean dollar, pegged to the US dollar.

Key dates

  • By the 20th of each monthVAT return
  • QuarterlyIncome tax instalments
  • End of AprilAnnual income tax return

Figures and sources

3 figures
  • Corporate income tax rate28%
    Income Tax Act
    Under professional review
  • VAT rate15%
    VAT Act
    Under professional review
  • Withholding on payments to non-residents15%
    Income Tax Act
    Under professional review

Indicative only. This assessment is a high-level overview of tax obligations in Grenada based on the information you provided and rules in force for 2026. It is not tax or legal advice. Consult a qualified tax adviser in Grenada (a tax adviser in Grenada) before making compliance decisions.