Grenada vs Hungary
Tax Rate Comparison
Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.
π° Personal Income Tax Calculator
Enter your income to see your estimated annual tax liability in each country β side by side.
π¬π© Grenada β 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.
ππΊ Hungary β Local Business Tax & Communal Levies
Hungary's 19 counties and 3,177 municipalities levy Helyi IparΕ±zΓ©si AdΓ³ (HIPA β local business tax) on companies at up to 2% of net revenues. This is a major cost for businesses operating in Hungary. Budapest applies the maximum 2%. Municipalities also set property tax (Γ©pΓtmΓ©nyadΓ³) within national caps. Hungary has a uniquely simple income tax structure with a flat 15% rate across all income levels.
Grenada vs Hungary: Key Tax Differences (2026)
π° Income Tax: π¬π© Grenada has a higher top income tax rate (0β30% vs 15%). ππΊ Hungary is more favourable for high earners.
π VAT/Sales Tax: Hungary has a higher consumption tax (15% vs 5β27%).
π’ Corporate Tax: ππΊ Hungary offers a lower corporate rate (9% vs 28%), which can influence business location decisions.
π Capital Gains: π¬π© Grenada taxes investment gains at a lower rate (0% vs 15%), benefiting investors.