Grenada: New Income Tax Regime Begins

By: Caribbean Journal Staff - January 16, 2014

Above: Grenada

By the Caribbean Journal staff

Grenada’s new income tax regime has officially taken effect, the government announced Wednesday.

The new tax laws have lowered the country’s income tax threshold.

According to the new regime, the first $8,889 USD of chargeable income is taxed at a rate of 15 percent, with any amount in excess of that taxed at a rate of 30 percent.

Chargeable income means any income over $1,111 per month or $13,333 per year.

The government said that means that people who earn up to $1,111 per month or $13,333 per year will not pay income tax, as that first $13,333 is not chargeable.

For companies, the rate is 30 percent, according to the new regime.

Grenada has embarked on what Prime Minister Dr Keith Mitchell has called a “homegrown economic programme” to improve the fiscal situation in the Eastern Caribbean country.

Popular Posts belize hotel mayan world

At the Falling Leaves Lodge in Belize, a Portal to the Maya World

SAN IGNACIO — There has been some form of settlement on this site for more than 3,000 years, here on a leafy hill above the town of San Ignacio, Belize. In other words, this is no ordinary hill. This is Cahal Pech, […]

In San Ignacio, Belize, The Art of Adventure (And Pupusas)

pupusas belize

The sizzle is calling you. In the early morning, corn tortillas stuffed with cheese and beans and meat sing a particularly strong siren song.  It could be that perfect blend of dough and heat, or the aroma. It might just […]

Delta Is Adding More Nonstop Curacao Flights, Citing “Booming Demand”  

the beach at the avila hotel in curacao

Curacao is hotter than ever, with a wave of new hotels and record-breaking tourism numbers. And just a few months after Delta made its long-awaited return to the island, the carrier is adding even more flights.  The reason? What Delta […]

Related Posts a room at the nayara gardens resort with a balcony

It's Getting Even Easier to Fly to Costa Rica

It’s getting easier than ever to fly to the eco-tourism hotspot of Costa Rica, and now American Airlines is set to launch another expansion to the Central American country.  This summer, American Airlines is planning to double its nonstop flights […]

At Grenada’s Spice Island Beach Resort, the Art of the Luxury All-Inclusive 

grenada best caribbean islands to visit

It’s raining in Grenada.When I open the car door, there’s a surprise: the cover of an umbrella waiting for me, along with a smile. A staff member has rushed through the drops to ensure I get back to the lobby […]

Caribbean Photo of the Week: A Colorful Sky in Belize City

belize photo caribbean colorful sky yellow and pink

The latest Caribbean Photo comes from Caribbean Journal reader Beat Muller, who sent in this stunning shot of a colorful sky in Belize City, Belize. Have you taken a great photo in the Caribbean? Send it to with CPOTW […]


Sign up for Caribbean Journal's free newsletter for a daily dose of beaches, hotels, rum and the best Caribbean travel information on the net.

No. Thank You