TAX POLICY

l. Corporate Income Tax Rates:          35%
2. Payroll Taxes: Pay As You Earn (PAYE) System
3. Personal Income Tax Rates: Ranges from 15% - 45%
(Resident Individuals earning less than $10,400.00
per annum are fully exempted)
4. VAT Value Added Tax is 15% effective from April 1, 1996.
5. Exemption from Taxes: Exemption granted for Import duties and Income
Taxes for approved enterprises.
6. Double Taxation Treaties: With United Kingdom, Sweden, Denmark and the
countries of the Caribbean Community (CARICOM).
7. Withholding Tax: 25% Tax is applied to non-resident Corporation and
Individuals on any sum paid in respect of management
fees, rental of plant and machinery, mortgage
and debenture interest, and Insurance Premiums.



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