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 15th of each month
Travel Tax
Tax applied on tickets for travel outside St. Vincent and the Grenadines.
- Tax Rate – 5%
Due Date
- Remitted 15th of each month