Grenada vs Guinea
Tax Rate Comparison
Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.
๐ฐ Personal Income Tax Calculator
Enter your income to see your estimated annual tax liability in each country โ side by side.
๐ฌ๐ฉ Grenada โ Grenada Tax System
Grenada imposes income tax at a flat 30% on income above the personal allowance. No capital gains tax applies. VAT is 15%. The Citizenship by Investment programme (among the oldest in the Caribbean) is a significant revenue source. The 'Spice Isle' economy depends heavily on tourism and nutmeg exports.
๐ฌ๐ณ Guinea โ Guinea Tax System
Guinea has progressive income tax up to 40%. TVA (VAT) is 18%. The country holds the world's largest bauxite reserves and significant iron ore deposits, making mining-sector tax revenue critical. Following the September 2021 coup, the junta government (CNRD) has focused on renegotiating mining contracts to increase state revenue. Tax administration is being reformed with IMF support.
Grenada vs Guinea: Key Tax Differences (2026)
๐ฐ Income Tax: ๐ฌ๐ณ Guinea has a higher top income tax rate (0โ30% vs 0โ40%). ๐ฌ๐ฉ Grenada is more favourable for high earners.
๐ VAT/Sales Tax: Guinea has a higher consumption tax (15% vs 18%).
๐ข Corporate Tax: ๐ฌ๐ฉ Grenada offers a lower corporate rate (28% vs 35%), which can influence business location decisions.
๐ Capital Gains: ๐ฌ๐ฉ Grenada taxes investment gains at a lower rate (0% vs 35%), benefiting investors.