Withholding Tax

• A tax imposed on non-resident for service (s) provided to a resident. 
• The resident must withhold tax when a payment is made to non-resident companies/individuals. 
• This amount must be remitted by the resident company or individual to the Inland Revenue Department

Who pays Withholding tax?

A non- resident who provides service (s) to a resident of St. Vincent and the Grenadines

What are the Withholding tax rates?

• Management fees -15%
• Royalties – 15%
• Interest – 10%
• All other services – 20%
• All services provided outside of CARICOM – 20%

Due Date for Withholding Tax

Remitted on the  15^th of each month

Travel Tax

Tax applied on tickets for travel outside St. Vincent and the Grenadines.

• Tax Rate – 5%

Due Date

• Remitted 15^th of each month