Paying Taxes in
St. Vincent and the Grenadines
Listed below is a detailed summary of the taxes and mandatory contributions that a medium-size company must pay or withhold in a given year, as well as measures of administrative burden in paying taxes.
The information appearing on this page was collected as part of the Doing Business project, which measures and compares regulations relevant to the life cycle of a small- to medium-sized domestic business in 183 economies. The most recent round of data collection for the project was completed in December 2010.
About This Topic
To see indicator data for all economies, see the Paying Taxes page. To see how economies rank, see the Rankings page.
| Tax or mandatory contribution |
Payments (number) |
Notes on Payments |
Time (hours) |
Statutory tax rate |
Tax base |
Total tax rate (% profit) |
Notes on TTR |
| Corporate income tax |
4 |
|
14 |
32.5% |
taxable profits |
30.2 |
|
| Social security contributions |
12 |
|
52 |
4.5% |
gross salaries |
5.1 |
|
| Property transfer tax (stamp duty) |
1 |
|
|
5.0% |
sale price |
3 |
|
| Business license |
1 |
|
|
various rates |
|
0.1 |
|
| Property tax |
1 |
|
|
5.00% |
rental value |
0.1 |
|
| Vehicle tax |
1 |
|
|
various rates |
gross weight and size of vehicle |
0.1 |
|
| Insurance premium tax |
1 |
|
|
5.0% |
insurance premium |
0 |
|
| Tax on check transactions |
1 |
|
|
XCD 0,3 |
number of checks |
0 |
small amount |
| Fuel tax |
1 |
|
|
|
included in the price of fuel |
|
small amount |
| stamp duty on contracts |
1 |
|
|
various rates |
value of contract |
|
small amount |
| VAT |
12 |
|
45 |
15% |
Value added |
|
not included |
| Totals: |
36 |
|
111 |
|
|
38.7 |
|