Caribbean & Atlantic
St Vincent and the Grenadines tax rates 2026
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
Rates checked July 2026: the top marginal income tax rate, the standard VAT rate and the main corporate rate.