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Grenada has announced the rates at which Annual Stamp Tax will be levied on companies, on a progressive basis, according to their gross annual receipts.
The Annual Stamp Tax for the 2016 fiscal year will be levied at 0.75 percent for businesses with gross annual receipts in the fiscal year 2015 of XCD300,000 (USD111,000) or more, and 0.5 percent for businesses with gross annual receipts below that threshold.
Taxpayers whose financial year spans the 2014/15 period may pay the Annual Stamp Tax at a rate of 0.50 percent for those months falling in the 2014 year, and 0.75 percent for any months in the 2015 year, where they have:
Taxpayers whose Annual Stamp Tax liability has been apportioned in this way must pay any tax due by August 31, 2016.
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