Corporate income tax (CIT) - statutory and targeted small business in Saint Vincent and the Grenadines
Saint Vincent and the Grenadines: Corporate income tax (CIT) - statutory and targeted small business was 28 Percentage of taxable income in 2026. ▼ Falling
Corporate income tax (CIT) - statutory and targeted small business in Saint Vincent and the Grenadines, 2000–2026
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of taxable income.
Analysis
In 2026, corporate income tax (cit) - statutory and targeted small business in Saint Vincent and the Grenadines stood at 28 Percentage of taxable income. That is the lowest value across all 27 years on record.
Compared with earlier readings it is down 13.8% over ten years.
Over the whole period, corporate income tax (cit) - statutory and targeted small business in Saint Vincent and the Grenadines peaked at 40 Percentage of taxable income in 2000 and was at its lowest, 28 Percentage of taxable income, in 2023.
Saint Vincent and the Grenadines ranks 29th of 128 countries on this measure, in the top quarter.
The long-run direction has been consistently falling across the 27 years of available data.
Corporate income tax (CIT) - statutory and targeted small business in Saint Vincent and the Grenadines, year by year
| Year | Percentage of taxable income | Change |
|---|---|---|
| 2000 | 40 Percentage of taxable income | — |
| 2001 | 40 Percentage of taxable income | +0.0% |
| 2002 | 40 Percentage of taxable income | +0.0% |
| 2003 | 40 Percentage of taxable income | +0.0% |
| 2004 | 40 Percentage of taxable income | +0.0% |
| 2005 | 40 Percentage of taxable income | +0.0% |
| 2006 | 40 Percentage of taxable income | +0.0% |
| 2007 | 37.5 Percentage of taxable income | -6.2% |
| 2008 | 35 Percentage of taxable income | -6.7% |
| 2009 | 32.5 Percentage of taxable income | -7.1% |
| 2010 | 32.5 Percentage of taxable income | +0.0% |
| 2011 | 32.5 Percentage of taxable income | +0.0% |
| 2012 | 32.5 Percentage of taxable income | +0.0% |
| 2013 | 32.5 Percentage of taxable income | +0.0% |
| 2014 | 32.5 Percentage of taxable income | +0.0% |
| 2015 | 32.5 Percentage of taxable income | +0.0% |
| 2016 | 32.5 Percentage of taxable income | +0.0% |
| 2017 | 32.5 Percentage of taxable income | +0.0% |
| 2018 | 30 Percentage of taxable income | -7.7% |
| 2019 | 30 Percentage of taxable income | +0.0% |
| 2020 | 30 Percentage of taxable income | +0.0% |
| 2021 | 30 Percentage of taxable income | +0.0% |
| 2022 | 30 Percentage of taxable income | +0.0% |
| 2023 | 28 Percentage of taxable income | -6.7% |
| 2024 | 28 Percentage of taxable income | +0.0% |
| 2025 | 28 Percentage of taxable income | +0.0% |
| 2026 | 28 Percentage of taxable income | +0.0% |
Saint Vincent and the Grenadines compared with similar countries
- Saint Vincent and the Grenadines's 28 Percentage of taxable income is above the median for upper middle income countries, which is 24.5 Percentage of taxable income, 1.1× the median. (38 countries reporting)
- Saint Vincent and the Grenadines's 28 Percentage of taxable income is above the median for Latin America & Caribbean, which is 25 Percentage of taxable income, 1.1× the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 38.5 Percentage of taxable income | 32.5 Percentage of taxable income | 40 Percentage of taxable income | 10 |
| 2010s | 32 Percentage of taxable income | 30 Percentage of taxable income | 32.5 Percentage of taxable income | 10 |
| 2020s | 28.86 Percentage of taxable income | 28 Percentage of taxable income | 30 Percentage of taxable income | 7 |
Countries ranked near Saint Vincent and the Grenadines
- 26 Peru 29.5 Percentage of taxable income compare
- 26 Portugal 29.5 Percentage of taxable income compare
- 28 Pakistan 29 Percentage of taxable income compare
- 29 New Zealand 28 Percentage of taxable income compare
- 29 Congo 28 Percentage of taxable income compare
- 29 Grenada 28 Percentage of taxable income compare
More economy & growth data for Saint Vincent and the Grenadines
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.61 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.7 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps -2.08 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0017 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita -20.86 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 111.39 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -19.83 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0887 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 1,115 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate -11.24 % change on previous year (2025)
Frequently asked questions
- What is corporate income tax (cit) - statutory and targeted small business in Saint Vincent and the Grenadines?
- Corporate income tax (cit) - statutory and targeted small business in Saint Vincent and the Grenadines was 28 Percentage of taxable income in 2026, according to Organisation for Economic Co-operation and Development.
- What is the highest corporate income tax (cit) - statutory and targeted small business recorded in Saint Vincent and the Grenadines?
- The highest recorded value was 40 Percentage of taxable income in 2000.
- What is the lowest corporate income tax (cit) - statutory and targeted small business recorded in Saint Vincent and the Grenadines?
- The lowest recorded value was 28 Percentage of taxable income in 2023.
- How does Saint Vincent and the Grenadines rank for corporate income tax (cit) - statutory and targeted small business?
- Saint Vincent and the Grenadines ranks 29th out of 128 countries with data for 2026.
- Is corporate income tax (cit) - statutory and targeted small business rising or falling in Saint Vincent and the Grenadines?
- Over the last ten years it is down 13.8%. The long-run trend across the full record is falling.
- Where does this Saint Vincent and the Grenadines data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Corporate income tax (CIT) - statutory and targeted small business rates — Combined corporate income tax rate. Statizoid updates them automatically from the source API.
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About this data
Statutory and targeted, sub-central and combined corporate income tax (CIT) rates. Targeted rates of 'small incorporated business' are on the basis of size alone (e.g. number of employees, amount of assets, turnover or taxable income) and not on the basis of expenditures or other targeting criteria. Targeted rates data are only available for OECD member countries.