Information about Grenada Minimum wage and taxes.

Grenada is an island country located in the Caribbean. The minimum wage in Grenada is set at

8.25 Eastern Caribbean dollars (XCD) per hour as of 2021. This wage can be calculated based on daily working hours. The tax system in Grenada is based on personal income tax and consumption taxes. Personal income tax varies according to different income brackets. As of 2021, the personal income tax brackets are as follows: - 0% tax rate for income between 0 - 36,000 XCD - 15% tax rate for income between 36,001 - 60,000 XCD - 28% tax rate for income between 60,001 - 120,000 XCD - 40% tax rate for income of 120,001 XCD and above Consumption tax is generally applied at a rate of 15% in Grenada. However, there are different tax rates on some products and services. There is an obligation to file and pay taxes in Grenada. Individuals are obliged to file tax returns and pay their taxes on dates determined according to their annual income. The above information serves as general information. To get more detailed and up-to-date information on tax and minimum wage in Grenada, it is recommended that you get support from local tax authorities or experts.

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