Grenada Value Added Tax (VAT) Calculator
Compute forward VAT additions and backward reverse tax extractions under Grenada Value Added Tax regulations. Supports standard 15% rate, 10% hotel/dive hospitality sector, and 0% zero-rated statutory exemptions.
VAT Computation Mode & Inputs
Grenada VAT Comparative Rates Matrix
| Rate Category | Rate % | Statutory Coverage | Net (EC$) | VAT (EC$) | Gross (EC$) |
|---|
Grenada Value Added Tax Statutory Reference
Administered by the Inland Revenue Division (IRD) under the Value Added Tax Act (Act No. 37 of 2009):
- Registration Threshold: Businesses with annual gross turnover exceeding EC$ 300,000 are legally obligated to register for VAT.
- Standard Rate (15%): Applies to all standard taxable supplies of commercial goods, consulting, professional services, imported merchandise, and domestic retail.
- Hotel & Tourism Rate (10%): Preferential concessionary rate applied directly to registered hotel and resort accommodation, guest house stays, and certified scuba diving operations.
- Zero-Rated Supplies (0%): Exported merchandise and services, select agricultural inputs, basic nutritional necessities (flour, rice, unrefined sugar, baby milk), and domestic electricity consumption within the lifeline threshold (under 99 kWh).
- Exempt Supplies: Financial services, educational courses, prescription pharmaceuticals, residential property rental, and domestic public bus transportation.
Frequently Asked Questions
What is the mandatory VAT registration threshold in Grenada?
Any person or commercial entity making taxable supplies in Grenada with annual turnover of EC$ 300,000 or more must register for VAT with the Inland Revenue Division.
What is the difference between Zero-Rated and Exempt supplies?
Zero-rated goods carry 0% VAT on sales, and registered suppliers can reclaim input VAT incurred. Exempt goods carry no VAT, but suppliers cannot claim input VAT credits.
How do I extract VAT from a gross price?
For a 15% standard rate, divide the gross amount by 1.15 to obtain the net price; the difference represents the statutory VAT component (Gross × 15 ÷ 115).
Does VAT apply to electricity and water bills?
Residential electricity consumption under 100 kWh per month is zero-rated. Consumption of 100 kWh or more is subject to standard 15% VAT on the entire bill.
When must monthly VAT returns be filed?
Registered businesses must file their monthly VAT return and remit payments to the IRD by the 20th day of the month following the taxable period.
📊 Grenada Inland Revenue Division (IRD) & NIS Matrix
| Statutory Component / Legal Deduction Item | Calculated Amount (XCD) |
|---|---|
| Primary Net / Statutory Payable Amount | EC$ 0.00 |
Engr. Muhammad Shahzad
Principal Financial Systems Architect & Eastern Caribbean & State of Grenada Fiscal Systems Lead
Lead software and systems architect specializing in high-performance browser computing, algorithmic validation, financial models, and zero-telemetry client-side privacy architecture.