Question 1

What is the corporate income tax rate in Grenada?

Accepted Answer

Under the Grenada Income Tax Act (Cap. 149), resident and non-resident companies operating in Grenada are subject to a flat Corporate Income Tax rate of 28.0% on net taxable profits.

Question 2

What is the withholding tax rate on dividends in Grenada?

Accepted Answer

Dividends paid by a Grenadian company to a non-resident individual or company are subject to a final withholding tax rate of 15%, unless reduced under the CARICOM Double Tax Treaty.

Question 3

Can corporate tax losses be carried forward in Grenada?

Accepted Answer

Yes. Business tax losses may be carried forward for up to 5 consecutive tax years, capped at offsetting up to 50% of the taxable income in any single subsequent assessment year.

Question 4

When must Grenadian corporate tax returns be filed?

Accepted Answer

Companies must file their annual corporate return with the Inland Revenue Division (IRD) within 90 days after the close of the financial year (typically March 31 for calendar-year entities).

Question 5

Are there tax holidays available in Grenada?

Accepted Answer

Under the Fiscal Incentives Act administered by the Grenada Investment Development Corporation (GIDC), qualifying enterprises in manufacturing, tourism, and agriculture may receive corporate tax holidays of up to 10 to 15 years.

Tax Component	Statutory Rate	Treaty Relief	Legal Code
Corporate Income Tax (CIT)	28.0% flat	Standard rate	Income Tax Act § 28
Non-Resident Dividend WHT	15.0%	0% CARICOM DTT	Income Tax Act § 50
Loss Carry-Forward	5 years	Max 50% offset / year	Income Tax Act § 21

Grenada Corporate Income Tax (CIT) Calculator

⚙️ Fiscal Profit & Distribution Data

Fiscal Distribution Breakdown

🏛️ Grenada Corporate Tax Structure (Cap. 149)

Engr. Muhammad Shahzad

📊 Grenada Inland Revenue Division (IRD) & NIS Matrix

Engr. Muhammad Shahzad