Grenada Income Tax Rates and Personal Allowances in 2020

The Income tax rates and personal allowances in Grenada are updated annually with new tax tables published for Resident and Non-resident taxpayers. The Tax tables below include the tax rates, thresholds and allowances included in the Grenada Tax Calculator 2020.

Grenada Residents Income Tax Tables in 2020: Income Tax Rates and Thresholds (Annual)
Tax RateTaxable Income Threshold
10%Income from $0.00to $24,000.00
28%Income from $24,000.01 and above
Grenada Non-Residents Income Tax Tables in 2020: Income Tax Rates and Thresholds (Annual)
Tax RateTaxable Income Threshold
15%Flat rate on all taxable income

Income Tax in Grenada in 2020

Taxes, including personal income tax, expenses and limitations are reviewed by the Government in Grenada periodically and typically updated each year. Not that not all tax rates and thresholds in Grenada change annually, alterations to tax policy to support strategic economic growth in Grenada mean that the certain areas may be focused on to provide specific tax relief in Grenada or support growth in certain areas (overseas invstment in Grenada for example may mean reduced non-resident income tax rates in Grenada for a period).

When tax policy in Grenada changes, the resultant tax tables also change. Tax tables in Grenada are simply a list of the relevent tax rates, fixed amounts and / or threholds used in the computation of tax in Grenada, the Grenada tax tables also include specific notes and guidance on the validity of scenarios (for example, qualifying criterea for specific tax relief / allowances) and notes of the calculation of phaseout of specific tax elements within each taxation group (dividends and corporation tax thresholds in Grenada for example).

Grenada Tax Tables may also be referred to as Grenada Tax Slabs, Grenada personal allowances and tax thresholds or Grenada business tax rates. They all refer to the tax tables, whether in whole or as specific sections/categories of the tax tables therein. In the section, we publish all 2020 tax rates and thresholds used within the 2020 Grenada Salary Calculator. This means that if you are aware of a 2020 tax exemption or 2020 tax allowance in Grenada that you are entitled too BUT it isn't listed here, that we don't allow for it in this version of the Grenada Salary Calculator. This is simply because we updated our tax calculators based on user feedback, we tailor the Grenada Salary Calculator to suit our users needs. Our aim is to keep tax calculations in Grenada simple, we achieve this my making the Grenada tax calculators relevent to our community's needs, this includes you. So, if you would like a new 2020 tax rates, allowance or threshold adding (or perhaps updating), or if you notice an error in our 2020 tax calculations, simply contact us and we will adjust the tool.

Choose a specific income tax year to see the Grenada income tax rates and personal allowances used in the associated income tax calculator for the same tax year.